Brexit. IAG Group: a limit for non-European shareholders?
The only way to avoid the revocation of the operating license of carriers
In order to solve the potential problem relating to the non-European ownership of IAG, the management of the Air Group, which owns British Airways, Iberia, Vueling and Aer Lingus, is considering setting a limit of 47.5% for shares held by investors outside the 'European Union. The only solution, this, to ensure that all airlines are European-owned and do not lose the operating rights at the airport of the EU countries, in what would have been a serious injury especially for airlines based in Spain. Preventive measure in view of the exit of the United Kingdom from the EU set for March 29 that could happen in the worst scenario imagined, ie without an agreement being signed; eventuality that would cause the loss of the operating license in the EU for all Iag companies.
A topic that has been discussed on several occasions by Brussels, where the various governments concerned have been asked to evaluate the actions to be taken to avoid blocking air connections, and the solution found would be to reduce the shares of non-European shareholders in IAG. The composition of the shareholding will now be reorganized, especially as the presence of investors from the United Kingdom will be limited and the weight of British Airways will be balanced on the board of directors with that of Iberia.
AVIONEWS - World Aeronautical Press Agency