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Airbus warns of no-deal Brexit, says has spent tens of millions preparing

Reuters - UK Focus

LONDON, Feb 17 (Reuters) - Airbus said on Sunday it would have to make "difficult decisions" about future investment if Britain crashes out of the European Union without a deal, adding it had already spent tens of millions of euros in preparations.

"There is no such thing as a managed 'no deal', it's absolutely catastrophic for us," senior vice president Katherine Bennett told the BBC's Andrew Marr.

"Some difficult decisions will have to made if there's no-deal (...) we will have to look at future investments."

She (Munich: SOQ.MU - news) said Airbus had already spent "tens of million of euros" on preparing for Brexit, for example on stockpiling parts and securing IT systems. (Reporting by Paul Sandle; Editing by Mark Potter)