Clear
0 Selected+
Filters
Air
Luxury
Regulation
Operators
Agencies
City and finance
Destinations
Skills
Cruise
Technology

Hello! You are viewing your 1 free guest article this week


Join now for free, immediate and unlimited access to our award-winning online content. Find out more...

Join us
Already a member? Log in here

News

12 Feb 2018

BY Gary Noakes

Share
TRFBLI

Ryanair 'may force British shareholders to sell' to avoid Brexit ban

Ryanair may force British shareholders to sell their stock in the airline to avoid it being grounded after Brexit, chief executive Michael O’Leary has said.

Michael OLeary, director and CEO of Ryanair
Sharelines

Ryanair 'may force British shareholders to sell' to avoid Brexit ban

O’Leary believes his flights could be grounded from April 1 next year when the UK quits the European Union, at least for a short period, unless a deal is struck.

 

Under EU rules, Ryanair must show regulators that the majority of investors at the Irish airline are EU citizens. The Sunday Times says that 56% of shareholders are European, but that 20% are from the UK.

 

O’Leary told the newspaper he was examining ways of giving incentives to non-EU investors to persuade them to dump shares, but has said that he will force a sale if necessary. Ryanair has also applied for a British air operating certificate in order to continue operating domestic UK flights.

 

Transport secretary Chris Grayling has said he is sure there will be no problem next spring, but has yet to strike a deal with the EU to avoid any potential disruption.

Air
Add New Comment
Please sign in to comment.
Show me more
TTG Media Limited.
Place of registration: England and Wales.
Company number 08723341.
Registered address: New Bridge Street House, 30-34 New Bridge Street, London EC4V 6BJ
Scroll To Top