Airbus Warns UK Against EU Exit

Airbus has said it would reconsider its UK investment if the country was to leave the European Union (EU).

Airbus has said it would reconsider its UK investment if the country was to leave the European Union (EU).

Airbus UK president Paul Kahn said it was “vital” for the OEM to confirm it was pro the UK remaining in the EU, warning of the “enormous ramifications” a possible exit would have on the country’s long-term future.

Airbus said it invests £500m ($782m) annually in the UK, where it has more than 16,000 employees and manufactures the wings for the A380 in Broughton, Wales.

UK prime minister David Cameron has committed to a referendum on the country’s EU membership no later than 2017.

However, Kahn supported calls to reform the terms of the UK’s membership, saying it would create a “leaner and more efficient” EU.

TAGS: Europe
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