Skip to content
Search

Latest Stories

ADS Asks European Commission to Allow UK, EU Aviation Regulators to Start Brexit Planning

Britain’s premier aerospace trade organisation, ADS has written to the European Commission (EC) for the second time in four months to request it once again to permit the British and European airline controllers to start technical planning for scheduled Brexit next year.

This is the ADS request to the EC for technical discussions to take place between the Civil Aviation Authority (CAA) and European Aviation Safety Agency (EASA) to prepare for Brexit.


ADS made its first request in June jointly with General Aviation Manufacturers Association (GAMA), however, the EC rejected the request. “It is understood that the UK government has also made requests for these technical discussions to take place, but that the EC has so far blocked this preparatory step,” ADS said in a statement on Tuesday (11).

Technical discussions between the CAA and EASA are needed to make sure there is adequate preparation that will avert significant disruption to European and global aerospace and aviation once the UK leaves the EU. This preparation is needed for either potential scenario – that a withdrawal agreement is ratified for the UK’s exit from the EU, or that no deal is agreed before withdrawal, ADS said.

The EC stated on July 19 that “preparing for the UK becoming a third country is of paramount importance” and that all parties must step up preparations. On June 29 the European Council renewed its call for EU member states, EU institutions and all stakeholders to step up their work on preparedness at all levels and for all outcomes. The EC rejection of technical discussions between the CAA and EASA is inconsistent with these calls for preparedness.

Britain earlier expressed its desire to remain as part of EASA after its exit from European Union in 2019, but it is not yet clear whether it is possible or not.

The aviation sector is expected to be most severely impacted by Britain’s exit from European Union as there is no option for the industry in the absence of a deal on future relations after Brexit.

More For You

modi-trump-getty
Trump shakes hands with Modi during a joint press conference at Hyderabad House in New Delhi on February 25, 2020. (Photo: Getty Images)

Key issues in India, US trade talks

TRADE talks between India and the US have hit a roadblock over disagreements on duties for auto components, steel and farm goods, Indian government sources said to Reuters, dashing hopes of reaching an interim deal ahead of president Donald Trump's July 9 deadline to impose reciprocal tariffs.

Here are the key issues at play:

Keep ReadingShow less
Anil Agarwal

Vedanta Resources, which is based in the UK and owned by Indian billionaire Anil Agarwal, has been working on reducing its debt. (Photo credit: Getty Images)

Getty Images

Anil Agarwal’s Vedanta Resources signs £438 million refinancing deal

VEDANTA LTD said on Thursday that its parent company, Vedanta Resources, has signed a loan facility agreement worth up to £438 million with international banks to refinance existing debt.

The refinancing move, where old loans are replaced by new ones, often at better terms like lower interest rates, has led ratings agencies such as S&P Global Ratings and Moody's to upgrade their outlook on the company this year.

Keep ReadingShow less
Trump-Getty

Trump said that while deals are being made with some countries, others may face tariffs.

Getty Images

Trump says major trade deal with India may be finalised soon

US PRESIDENT Donald Trump on Friday said a "very big" trade deal could be finalised with India, suggesting significant movement in the ongoing negotiations between the two countries.

“We are having some great deals. We have one coming up, maybe with India. Very big one. Where we're going to open up India," Trump said at the “Big Beautiful Bill” event at the White House.

Keep ReadingShow less
Asda suffers nearly £600m loss as debt and IT costs surge

Asda co-ownerMohsin Issa. (Photo: Asda)

Asda suffers nearly £600m loss as debt and IT costs surge

ASDA, one of Britain’s largest supermarkets, has reported a pre-tax loss of £599 million for 2024, swinging sharply from a £180 million profit the previous year.

The loss comes despite total sales rising by over £1 billion to £26.8bn, as the retailer faces mounting debt costs, falling sales, and spiralling spending on a major IT overhaul, the Telegraph reported.

Keep ReadingShow less
Mounjaro

Mounjaro, or tirzepatide, is part of a new class of weight-loss medications, with trials showing patients losing an average of 20 per cent of their body weight after 72 weeks.

Reuters

Lilly to sell Mounjaro pens in India as Wegovy enters market

ELI LILLY said on Thursday that it has received approval from India's drug regulator to launch pre-filled injector pens of its weight-loss drug, Mounjaro.

The move gives the company more options to compete with Novo Nordisk, which recently launched its weight-loss drug Wegovy in the country.

Keep ReadingShow less