Britain's decision to bail out a regional airline threatens to cast an immediate shadow over U.K.-EU trade talks that are likely to begin in early March.
The rescue of Flybe raises immediate concerns about whether Britain is transgressing EU standards on illegal subsidies. The EU is watching this question very closely because British Prime Minister Boris Johnson has made no secret of his opposition to EU state aid laws. In particular, he has stressed that he wants Britain to have greater leeway to be able to bail out its ailing steel industry with public money.
European Commission President Ursula von der Leyen has already warned that deviation from EU rules will play badly in Brussels."The more divergence there is, the more distant the partnership has to be," she said last week. Condor received emergency funds last year when its parent company, Thomas Cook, failed | Ina Fassbender/AFP via Getty Images
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Airlines boss Walsh condemns UK help for FlybeWillie Walsh, head of the British Airways parent company, has attacked a governm... They will all be asking for a handout now. Really?
Source: Reuters - 🏆 2. / 97 Read more »
Flybe is ominous UK test flight for JohnsonomicsBritain has rescued the struggling regional airline operator by deferring a tax bill, and more help could follow. Boris Johnson can trumpet his aid for poorer bits of the UK. But downgrading climate change and free markets sends a grim signal of the prime minister’s priorities.
Source: Breakingviews - 🏆 470. / 51 Read more »
UK defends throwing Flybe a lifeline after rivals complainBritish Airways owner IAG has filed a complaint with the EU about UK government support for regional airline Flybe. IAG boss Willie Walsh called the government's support for Flybe 'a blatant misuse of public funds' And to think BA sold off the non hub regional services to Flybe and now it’s circling around it like a hungry shark because it’s about to be renamed Virgin Connect barnes_sean Perhaps Willie didn't know that the boss of Flybe was an old friend of Boris. Johnson always stands by his friends especially with other people's money. Why are they not allowing the market to provide a solution to this issue ? If FlyBe are not viable despite the support of Virgin & Co. why not let another competitor take control of these routes.
Source: Reuters - 🏆 2. / 97 Read more »
Brexit will soon cost the UK more than its total payments to the EU - Business InsiderBrexit will soon have cost the UK more than all of its payments to the EU over the last 47 years put together Brexit : I think this will not be possible. I call a lie on that one. Lie
Source: BusinessInsider - 🏆 729. / 51 Read more »
Brexit will soon cost the UK more than its total payments to the EU - Business InsiderBrexit will have soon cost the UK more than all its payments to the EU over the past 47 years put together roadkingrider2 Yeah good luck with Boris Trump Brexit means Brexit 😉
Source: BusinessInsider - 🏆 729. / 51 Read more »
US tells UK using Huawei 5G gear would be 'nothing short of madness,' report saysThe United States is reported to have presented Britain with new evidence showing the use of Huawei equipment in its 5G networks would put intelligence sharing at risk. US scaremongering because they can't compete with the Chinese on technology development in 5G systems. British hypocrite can be fully reflected by their responses all the way on that Huawei issues
Source: CNBC - 🏆 12. / 72 Read more »