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The Impact of Brexit on the U.S. Aerospace Industry

December 29, 2017

A referendum to decide whether the United Kingdom (UK) should remain in the European Union (EU), or “Brexit,” narrowly passed on June 23, 2016, triggering negotiations to set the terms of withdrawal by March 29, 2019. Among the many agreements to be renegotiated in that time will be the UK’s future membership and relationship with the European Aviation Safety Agency (EASA), which together with the U.S. Federal Aviation Administration, sets the standard for aviation safety and oversight worldwide. As the UK has the largest aerospace manufacturing industry in Europe and is the home of many major customers of U.S. aerospace products, their relationship with EASA will have a significant impact on U.S. aerospace companies

Spotlight

Vnukovo Airport

Vnukovo International Airport is one of the largest air transportation hubs in Russia ranking third in terms of passenger numbers among the nation’s leading aerial gateways. The Airport’s two passenger terminals offer a total capacity of 6800 pax. per hour with about 120 thousand flights by more than two hundred airlines from all over Russia, the CIS, and beyond, handled at the Airport every year.

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The Impact of Brexit on the U.S. Aerospace Industry