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02.07.2018

AVPE high media profile following Airbus no-deal Brexit statement

  

AVPE, through its MD Mark Summers, gave a number of interviews (Friday 22nd June) on BBC World at One, ITN evening news & BBC 5 Live (Sunday 24th June), giving an SME perspective following Airbus’s statement regarding their Risk Assessment in the event of a no-deal Brexit.

FT Weekend reported in-depth last weekend (Saturday 23 June, 2018) that businesses echo Airbus no-deal Brexit fears and warn of ‘severe’ consequences.

In an article written by Sarah Gordon & Jim Pickard, they commented on how senior business executives voiced concern about the prospect of a hard Brexit, joining outspoken warning by aerospace company Airbus, that the “severed negative consequences” of withdrawal from the EU could force it to leave Britain.

The lack of clarity over the terms of trade after the UK leaves the EU next March and the possibility of there being no exit deal in place – prompted Airbus to speak out. “Put simply, a no-deal scenario directly threatens Airbus’s future in the UK,” said Tom Williams, Airbus chief operating officer.

Mark Summers, managing director of AVPE said: “We have invested since the referendum, but now it’s different. There’s a lot of political posturing and rhetoric, but no policy. Over the coming 12 months AVPE needs to make investments in both capacity and skills to meet the Airbus demand.

AVPE shareholders are being asked to increase employees numbers by at least 10%, employ 5 new apprentices and make an investment in excess of £1m. This requires clarity and confidence in the Government.”

Mark Odell, editor with FT Weekend, explained how Airbus now enjoys duopoly with Boeing in the multibillion-dollar market for large passenger jets. Airbus, which has its headquarters in Toulouse, France has 15,000 employees in the UK but has become increasingly frustrated with the government’s failure to formulate a position on its future trading relations with the EU.

Chris Steel, AVPE Chairman: “The lack of political leadership in the UK Government and the feuding within the Cabinet is creating a serious risk to future investment and high value employment in the important advanced engineering and aerospace sectors.

The Government urgently need to give clarity to business on the trade relationship with the EU post Brexit and listen to manufacturing industry real concerns.”
 

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