UK aerospace trade association ADS said that the country should remain an EU member during a transition period to avoid certain implications to air transportation.
According to ADS CEO Paul Everitt, the U.K. will find it difficult to close the required international deals with countries such as the U.S. and Canada, if it decides to leave the EU before March 2019. These agreements involve those with global safety regulators and play a major role for uninterrupted air travel.
Brexit may not likely affect demand for metal spinning (from experts like Winward Engineering LTD) and other industrial work for U.K. aerospace, although Everitt said that leaving the EU during the transition period certainly has dire consequences for moving freight by air. He believes that sticking to the current relationship with the EU serves as the best solution to maintain the country’s competitiveness and provide certainty for businesses.
It will also allow officials to spend more time in drafting new agreements post-Brexit, but the government’s two-stage transition poses risks for businesses and the economy, Everitt said.
A premature decision to leave the EU would likely affect a large number of employees, as there are around 120,000 people on the U.K aerospace sector’s payroll. An estimate of £28 billion of exports product move by air, so the importance of remaining an EU during the transition period is rather important.
Even as the country leaves the EU, the U.K aerospace industry still wants to be part of the European Aviation Safety Agency (EASA), according to Everitt. That’s because the U.K. would not be able to draft its safety standards in such a short time after Brexit since it has relied on the EASA standards over the last 15 years.
The U.K. government should consider an approach on leaving the EU with the least amount of disruption to the aerospace industry since an abrupt decision could be problematic for businesses and the economy.