EasyJet is reportedly near to taking a stake in TUIFly

The British budget carrier easyJet is close to taking a stake in German airline TUIFly in order to secure intra-European flying rights even after Britain leaves the European Union, German publication manager magazine reported on Thursday, citing sources.

A easyJet A320 landing in Bristol. Copyright: Adrian Pingstone on wikimedia
EasyJet could be left without the rights to operate intra-European flights, which analysts estimate account for around one third of its business, should Britain leave the EU without negotiating access to the common EU aviation area.

EasyJet’s CEO Carolyn McCall has therefore been looking at ways of obtaining the necessary licenses to continue operate as an EU carrier.

TUI Group, which owns TUIFly, and easyJet declined to comment.

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