Ryanair takes action to avoid turbulence of no-deal Brexit

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Ryanair
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Releasing it’s quarter three financial results today, Irish low-cost airline Ryanair revealed that it has put its No-Deal Brexit contingency plans into action. Anna Tobin reports

The airline’s quarter three report stated: “The risk of a ‘no deal’ Brexit remains worryingly high. While we hope that common sense will prevail, and lead to either a delay in Brexit, or agreement on the 21-month transition deal currently on the table, we have taken all necessary steps to protect Ryanair’s business in a no-deal environment.”

To protect Ryanair’s three UK domestic routes, the group has obtained a UK Air Operator Certificate (AOC). And, to guarantee that it stays an EU-owned and controlled airline, it has placed restrictions on the voting rights and share sales of non-EU shareholders in the event of a hard Brexit.

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