World Bulletin / News Desk
EasyJet has applied for a new air operator's certificate in Austria to continue flying in the European Union after Brexit regardless of the final deal, the British carrier said Friday.
EasyJet said the switch would create jobs in Austria, while no positions would be lost in the UK.
"While the new structure will protect all of EasyJet's current flying rights within Europe, EasyJet will continue to push for the UK and EU to reach an aviation agreement which, at a minimum, will enable flights between the UK and EU," the statement added.
Soon after Britain voted in a referendum a year ago in favour of exiting the EU, EasyJet applied for a European Union licence to keep flying throughout the bloc.
Britain's airline industry has soared over the last two decades under the Single European Sky system, which lifted trade restrictions on EU airlines.
Unless British negotiators manage to secure preferential conditions, British airlines could lose this status once the country leaves the EU.
This will mean they no longer enjoy rights including being able to freely set airfares, and to launch any route in Europe without getting prior authorisation.
Passengers leaving or arriving in the United Kingdom will face new taxes and British airlines face obstacles and delays in developing new routes.
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Frankfurt equities sagged despite a rally for shares in German heavy industry giant ThyssenKrupp, which announced a deal with Indian group Tata to merge their steel operations in Europe.
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The move was seen as a bid to weather US-imposed sanctions on the embattled country.
Regulators decided in May to fine Banco Popolare di Vicenza a total of 11.2 million euros ($13.4 million), the ECB said in a press release.
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Borsa Istanbul's BIST 100 index goes down 0.89 pct at close, USD/TRY rate stands around at 3.44
The International Energy Agency also said production by the OPEC cartel and its allies fell in August and compliance with their pact to cut supply to the markets increased.
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Loan to be used to increase domestic savings, enhance economic participation, ensure sustainable growth, says Treasury