Tui ‘comfort’ deal with CAA would cushion Brexit fallout 

Tui is in talks with the CAA over a bespoke 12-month transition deal to mitigate the fallout should there be a no-deal Brexit.

The holiday company is negotiating a ‘letter of comfort’ to allow flights to continue as normal, despite Tui, in theory falling foul of EU ownership rules. 

Twenty four per cent of shares are held by a Russian billionaire, US investors hold 23.3 per cent and UK shareholders have the 15.1 per cent, which means that two thirds of the company will sit in non-EU hands when Britain leaves Europe.

Airlines have been told they must demonstrate a minimum of 50 per cent European share under current rules. 

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