A senior Airbus boss today warned of a no-deal -Brexit, which is "catastrophic" for the industry, adding that the company has already invested tens of millions of euros in preparation for such a scenario.
"There is no done no deal, it is absolutely catastrophic for us," said Airbus Vice President Katherine Bennett, the BBC's Andrew Marr show. 19659008] "Some tough decisions need to be made if there is no deal … We will have to consider future investments," she added.
Airbus employs 14,000 people across the UK. In a situation, Bennett said that "there are many other countries, especially aviation love."
She said that the company has already spent "tens of millions of euros" preparing for Brexit, including a no-deal scenario in which it outsourced parts, secured IT systems, and identified future employee travel arrangements.
The company has a backlog of 9,000 aircraft, said Bennett, meaning that it would be "many, many years" before British employees would be affected if the company decided to move.