Daily Mail

EasyJet boss threatens to bail out of UK

- By Hugo Duncan Deputy Finance Editor

THE airline run by one of David Cameron’s business advisers threatened yesterday to move its headquarte­rs out of Britain.

EasyJet, which employs around 1,000 at its Luton base, has started talks about transferri­ng to another European Union country.

Chief executive Dame Carolyn McCall, a member of the Prime Minister’s business advisory group who backed the Remain campaign, is said to have signalled in private meetings that moving is almost inevitable.

Tory MP Jacob Rees-Mogg, a member of the Treasury Select Committee who campaigned to leave the EU, said: ‘This is more a political statement by easyJet than anything else.

‘They backed Remain in the campaign. Their customers voted to leave and now they are going against their customers. I think it is unwise.

‘The sensible thing to do is see what happens. We haven’t even begun negotiatio­ns. Making multi-million-pound decisions at this stage is not in the interest of shareholde­rs.’

Under EU rules, airlines are able to fly freely across Europe, but there are now questions over whether that will continue to apply to UK-based operators after Brexit. EasyJet is lobbying the British and EU government­s to retain the status quo in the aviation market, but it has also drawn up contingenc­y plans to set up a new company in Europe or move its legal base from Luton to a city in the EU.

The company has already held preliminar­y talks with a handful of EU member states about issuing it with an air operator’s certificat­e (AOC) that would allow it to base its HQ in them.

EasyJet insisted that no jobs would be lost at Luton. It is thought the company may relocate just a handful of staff depending on the regime operated by the aviation regulator in the country it moves to.

The company said: ‘EasyJet is lobbying the UK government and the EU to ensure the continuati­on of a fully liberal and deregulate­d aviation market within the UK and Europe.

‘As part of EasyJet’s contin- gency planning before the referendum, we had informal discussion­s with a number of European aviation regulators about the establishm­ent of an AOC in a European country. EasyJet has now started a formal process to acquire an AOC. Until the outcome of the UK/EU negotiatio­ns is clearer, EasyJet does not need to make any other structural or operationa­l changes. We have no plans to move from Luton – our home for 20 years.’

John Longworth, the former director-general of the British Chambers of Commerce who was ousted after backing Brexit, said: ‘Big corporatio­ns only prosper with the consent of the society in which they operate.

‘I don’t think people will react too well to corporatio­ns that desert the country. Corporatio­ns have to make big decisions through necessity but to do it out of choice, I don’t think people will react very well to it. It is a very dangerous thing.’

‘This is a political statement’

 ??  ?? EasyJet chief: Dame Carolyn McCall is said to think leaving Britain is inevitable
EasyJet chief: Dame Carolyn McCall is said to think leaving Britain is inevitable

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