Reuters LONDON (Reuters) — British budget airline easyJet said on Friday it would establish a new airline in Austria to protect its flying rights in the European Union once Britain leaves the bloc.
The new airline, easyJet Europe, will be headquartered in Vienna. The budget airline must have a license and an air operator’s certificate (AOC) in an EU member to allow it to continue flying between and within EU countries after Brexit.
The new airline license in Austria will protect these flights regardless of what happens in negotiations over the status of flights between Britain and the EU after Britain leaves the bloc in March 2019.
EasyJet said it will re-register 110 planes to fly under the new AOC and it planned to complete this process before Britain leaves the EU. It has said the process will cost £10 million ($13 million), mainly for the re-registering of aircraft.
“The accreditation process is now well advanced and easyJet hopes to receive the AOC and license in the near future,” easyJet said in a statement. The airline reports third-quarter results next Thursday.