Industry Stunned By UK's European Union Exit Vote | Aviation International News

Regulations and Government

Industry Stunned By UK's European Union Exit Vote

The UK electorate's June 23 vote to leave the European Union poses serious questions about the country's aerospace, defense and air transport industries.

European airframer Airbus currently builds wings for its airliners in the UK at a factory in Broughton. [Photo: Airbus]

By Charles Alcock • Managing Editor

June 24, 2016

Aerospace, defense and air transport companies spent Friday trying to put a brave face on the anticipated fall-out from the UK’s June 23 vote to leave the European Union (EU). Adverse market reaction to the so-called Brexit referendum sent stocks tumbling and pushed the British Pound to its lowest value against the U.S. dollar since 1985.

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