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The EU has given airlines just seven months to sort out their shareholdings in the event of a no-deal Brexit.
According to The Financial Times, the EU has said that airlines wishing to retain their right to fly within the EU must have majority EU shareholders within seven months of March 29. This ruling particularly effects IAG, which owns both Iberia and British Airways, and may have to force the sale of its shares held by non-EU members if it wants to retain its EU status. It is thought to have just 25% of its shares held by EU members. The FT also notes that there have been talks on extending more freedoms to all-cargo airlines.