Airbus boss warns a no deal Brexit would be 'absolutely catastrophic'

Airbus boss warns a no deal Brexit would be 'absolutely catastrophic' and warns it has already been forced to spend 'tens of millions of euros' on preparing

By Tim Sculthorpe, Deputy Political Editor For Mailonline

Published: 11:05 GMT, 17 February 2019 | Updated: 11:06 GMT, 17 February 2019

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A senior Airbus executive warned a no deal Brexit would be 'absolutely catastrophic' today.

Katherine Bennett said the aerospace giant had already been forced to spend 'tens of millions of euros' preparing for the prospect of no deal. 

The money has been spent building vast stockpiles of parts at Airbus' UK wing factories - and could have been better spent on apprenticeships, Ms Bennett said.

The firm's senior vice president for the UK business said there no such thing as a 'managed no deal' as she urged politicians to strike an exit deal with the EU.

Airbus chief Katherine Bennett (pictured today on the Marr show) said the aerospace giant had already been forced to spend 'tens of millions of euros' preparing for the prospect of no deal

Airbus chief Katherine Bennett (pictured today on the Marr show) said the aerospace giant had already been forced to spend 'tens of millions of euros' preparing for the prospect of no deal

With just 40 days until exit, firms have been urged to step up their no deal contingency plans.

Airbus caused fury among Brexiteers by warning it could abandon the UK altogether if there is a no deal Brexit.  

Ms Bennett told the BBC's Andrew Marr: 'There is no such thing as a managed 'no deal', it's absolutely catastrophic for us,.

'Some difficult decisions will have to made if there's no-deal (...) we will

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