As an island nation, Britain is far more dependent on reliable and affordable air links with the rest of Europe than its Continental neighbours are.
And as such, Britain has been one of the biggest beneficiaries of the liberalization of the European Union’s aviation market.
All airlines based in the bloc have the right to operate anywhere within its borders, without restrictions on airfares, flight frequencies or capacity.
A British exit from the European Union would raise airfare as travelers has less choice for passengers traveling to and from Britain. The millions of customers who will face a market with less competition and fewer choices.
EasyJet spokesman explained, “since its introduction (EU) passengers have seen fares fall by around 40 per cent and routes increase by 180 per cent.”
In the mean time, you would have noticed that Dubai has takeover UK’s dominance of world’s transit hub for decades.
Though shares in Airbus Group fell 6 percent, Airbus says “With major aircraft investment decisions already taken for the next decade or so, its UK operations will not be affected any time soon, but has warned it could reconsider its position in the country in the long term”
However Airbus has “deals in places like India and China are increasingly about technology transfer and Britain will now be higher in the queue when it comes to transferring work,”
Already the UK’s share of Airbus work on the A350 has already slipped by several percentage points from 20 percent previously.
Hopefully UK will regain its strength in this Globalised competitive economy.