EU 'frustration over what UK wants' as further trade talks loom
Supply chain operators are being warned not to get their hopes up of any imminent ...
By Alex Lennane
As IAG hurriedly holds talks with Brussels and Madrid on its ownership structure after Brexit, the spotlight has also fallen on Cargologicair.
Under EU airline ownership rules, carriers must be 51% owned and controlled by EU companies or individuals.
In IAG’s case this is theoretically problematic: once UK shareholders are no longer EU members, IAG could fall below the 51% EU-owned threshold for its Spanish and Irish airlines.
British Airways, conversely, could need to demonstrate it is at least 51% owned by UK interests.
Of ...
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