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Birmingham Post
Birmingham Post
Business
Owen Hughes

Airbus to 'analyse the consequences' of Brexit deal on operations

Airbus said it would "analyse the consequences" of the Brexit deal on its operations - but welcomed that no-deal disruption now looked set to be avoided.

The UK and European Union (EU) reached a post-Brexit trade deal on Christmas Eve, ending months of disagreements over fishing rights and future business rules.

If approved by the UK and EU parliaments then it will halt the imposition of tariffs, or taxes on imports.

It won't though eliminate extra red tape on trade as the UK - with the exception of Northern Ireland - leaves the customs union and single market.

Airbus chief executive officer Guillaume Faury said they "welcome the news that an agreement has been reached between the EU and UK".

He added: "We are delighted to continue to work with our many stakeholders in the spirit of collaboration and long-term partnership."

An Airbus spokesman added: "We need to analyse the consequences on our business, but we are pleased that the potential disruption from a no-deal scenario has been avoided.

"A strong partnership will generate benefits right across Europe."

Airbus has previously warned that Brexit could hit future investment in the UK - where the aerospace employs thousands of staff at Broughton in North Wales and Filton, near Bristol.

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