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Ryanair looking outside 'uncertain' UK

AAP logoAAP 8/09/2016

Budget airline Ryanair will base its new fleet of planes outside the UK due to "thriving uncertainty" in Britain post-Brexit.

CEO Michael O'Leary said the Irish airline would have much more political certainty on continental Europe after the June 23 referendum, in which the UK chose to leave the European Union.

"There's a bunch of headless chickens here. They don't know what they voted for and have no idea where they're going to finish up, so we have to be cautious with our expansion next year, which is a pity," he said.

The CEO clarified that the move was not due to any anger with the UK, but was related to lack of political uncertainty that thrived while the country tried to manage its divorce from the EU.

He said Brexit was risking many jobs and investments.

"We're being very cautious about the amount of capacity we're allocating to the UK over the next two or three years until we get some kind of indication of what Brexit will look like," said O'Leary.

In the first week of September, Ryanair announced the opening of 16 new flight routes throughout Europe.

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