Although It might sound political - which is not the case of this site - I really must point out that there's an enormous mistake in thinking that it is all for UK to do and lose on Brexit. EU does have to push for agreements too you know? They need the UK market and usually being tough in one area might bring issues on others like imports. We seem to have an inferiority complex when dealing with Brexit as if we always have to look up to the might EU.
The UK will still have a formidable economy and LHR, for example, will still be a very important Hub.
That is an argument one does hear from the UK side. But in this case the size and the importance of the UK market for the EU, about 10%, is vastly overrated and the importance of the EU market for the UK, about 50% is vastly underrated. The UK will have to accept that the EU will not overthrow its founding principles for the UK, because that is what the UK is asking of the EU. The UK alone is not a formidable economy. It is very big on services, especially banking and that can well go down the drain in a hard Brexit.
Just a look at GDP numbers 2017 from the IMF. EU 19,362,129 million USD, Germany 3,651,871, France 2,574,807, UK 2,565,051 about 13 % of the EU.
In regards to airlines and travel, yes there should not be big problems to come to an agreement, but is there time? It is one year left until the UK leaves. And it is not only the big bad EU. The USA seems to be offering less of a deal in a bilateral, than the EU has with the USA, with offering only the standard variation the USA has with most other countries.
There is much traffic flowing from Europe through the UK to the USA and that will be influenced by a UK USA bilateral. Even when the EU and the UK agree on UK airlines being able to be owned by EU companies and vice versa and perhaps capotage in the agreement between the UK and EU, what will the USA accept? So we can have traffic flows and ownership regulation that could depend on finishing a new UK USA bilateral.
The biggest problem is the uncertainty about the rules when everything changes in a years time.
Last edited by mjoelnir
on Tue Mar 13, 2018 10:29 am, edited 1 time in total.