Source: Foundation for Economic Education
by Mark Nayler
“Following Britain’s vote to leave the EU, both easyJet and Ryanair were told by Brussels that they needed to relocate their headquarters and/or sell the majority of their shares to EU citizens in order to keep operating across the continent. easyJet solved the problem by opening a European office in Vienna, although its overall base of operations has remained in Luton, 30 miles north of London. New York-based Apollo has revealed few details about how it proposes to adhere to Europe’s airline ownership regulations, under which its stake is capped at 49.9%. Some aviation experts have noted that Apollo could satisfy Brussels by leaving majority voting rights with EU stakeholders, but still restructure or break up the airline to gain overall economic control.” (08/27/26)