Boeing has made allegations that Airbus
has profited from substantial subsidies
over many yearsfrom the EU.
Aerospace industry seeks Brexit reassurance - https://www.bbc.co.uk/news/business-50008268
As the brexit negitiations head for the wire there is a growing awareness, that whole areas if regulation and international co- operation will not be covered in the brexit package, writes Julian Bray.
This is particularly exposed in the aerospace and aviation sector. Put simply UK benchmarking will not automatically be recognised within the federated European Union structure. I use the word 'federated' deliberately as there are moves to create a European Army and an air defene and attack capability.
This of course goes way beyond a simple trading and co-operation arrangement, and puts any commnand structure beyond the control ot individuak EU members, as the federated model effective inserts a higher supra national control structure. Politically its seen by some as a punishment or slap in the face for the UK daring to leave the EU club and taking its sizeable financial contribution with it.
This of course will highlight the shaky financial position of the EU dubbed by many as the last of the big spenders! It also highlights the fact than no one has seen properly and independently audited financial accounts for many years. If they are produced at some time in the future its expected to disclose a few sweetheart deals amongst its main members, many of which would be abandoned or immediately shut down if the financial spotlight was turned on and the participants subjected to scrutiny.
Julian Bray NUJ, EQUITY, MMC,
Broadcaster, Journalist, Aviation Security Operations, Travel, Cruise and Incident Management Expert
Tel: 01733 345581
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