The Strategic View—Aviation UK

This content first appeared as the UK section of the first edition of The Strategic View—Aviation, published by Global Legal Group.

1. Currently, what are the main issues (strategic and political) affecting those in the aviation sector in your jurisdiction?

Following the result of the recent referendum in the UK and the consequent decision to leave the European Union, despite some initial uncertainty it now seems certain that the UK will invoke Article 50 of the Treaty on the Functioning of the European Union (TFEU). It is as yet unclear what this will mean for the UK's body of law. The International Air Transport Association (IATA) issued a report shortly after the result of the referendum was announced, in which it stated that "[p]reliminary estimates suggest that the number of UK air passengers could be 3–5% lower by 2020, driven by the expected downturn in economic activity and the fall in the Pound Sterling exchange rate. The near-term impact on the UK air