Airbus to Expand in UK After Brexit

by Mike ‘Mish’ Shedlock
Mish Talk

Airbus CEO Guillaume Faury announced expansion of Airbus production in the UK. Trump won’t be pleased.

The Brexit doom and gloomers have been proven wrong already as Airbus Pledges Expansion in the U.K. After Brexit.

Chief Executive Officer Guillaume Faury said Prime Minister Boris Johnson’s Brexit deal, which will see Britain leave the European Union on Jan. 31, means the split from the bloc “is at least now for certain,” though the nature of future ties still needs to be worked out.

The European aerospace giant, which employs more than 13,500 people at 25 U.K. sites and supports 100,000 supplier jobs, warned under previous CEO Tom Enders that future production might be in doubt as the prospect of a no-deal Brexit threatened to create border delays and inflate costs.

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