Airbus’s factory in Broughton, Flintshire, is where the pan-European aerospace and defence group manufactures all the wings for its commercial aircraft. Senior Airbus executives have warned that erecting barriers to the free movement of parts and people across its European sites may cause lasting damage to Britain’s aerospace industry. Airbus spends about £4bn a year with suppliers in the UK – a significant contribution to Britain’s aerospace industry, which supports about 110,000 high-value, highly skilled jobs. Another source with knowledge of Airbus said: “Airbus is looking to make big decisions over the next two to five years. But it doesn’t want to give the Europeans an excuse to marginalise the UK, and Brexit gives them an excuse.”

Source: The Guardian September 03, 2017 14:26 UTC