Theresa May will listen to Airbus Brexit concerns, No 10 says

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And he added if the country exits the European Union single market and customs union without a transition deal then the impact on its United Kingdom operations would be "significant".

The company employs 14,000 people at several sites including Bristol, Stevenage, Portsmouth and north Wales, but another 110,000 jobs are also vulnerable at firms supplying the aircraft maker.

Rachel Reeves, who chairs the Business Select Committee, added: "This is not project fear - it is economic reality. Put simply, a no-deal scenario directly threatens Airbus's future in the United Kingdom".

FILE - In this Wednesday, April 25, 2018 file photo, an Airbus A350 flies during the ILA Berlin Air Show in Berlin, Germany.

The aerospace giant has warned it could pull out of Britain with the loss of tens of thousands of jobs in the event of a "no-deal" Brexit.

The scheduled exit date, March 29, 2019 - is now less than a year away, and there are signs businesses are starting to get serious cold feet about what might come.

Airbus is the U.K.'s largest commercial aerospace company, a leading provider of military satellite communications and the biggest supplier of large aircraft to the Royal Air Force.

It says it supports more than 110,000 jobs among 4,000 suppliers in the United Kingdom, with parts crossing the Channel "multiple times".

If they pulled Brit operations, Airbus would be the first big manufacturer to pull investment from the United Kingdom since the start of the Brexit negotiations.

International Trade Secretary Liam Fox said the United Kingdom was not "bluffing" about being prepared to walk away from talks with Brussels and Brexit Secretary David Davis said there is "lots going on" to prepare in case negotiations collapse.

Airbus, the biggest rival to US -based aircraft maker Boeing, has been a prime example of how European cooperation could lead to success in business.

Boris Johnson has urged the Prime Minister to deliver a "full British Brexit" as Cabinet colleagues warned the United Kingdom is able to walk away without a deal. We have sought to highlight our concerns over the past 12 months, without success. And we need to have clarity. We have got to be able to protect our employees, our customers and our shareholders and we can't do that in the current situation.

The statements were made in the company's Brexit risk assessment, published Thursday.

The report shows that Airbus, like many modern companies, is particularly vulnerable to Brexit because of its global supply chain.

Airbus said it could not make decisions about new investment in Britain, including in its next generation of wings, without a clear Brexit deal.

"Countries like Ireland, countries like the Netherlands, countries like Belgium, would really feel the impact of that and that can not be what the European Union 27 actually want to see", he said, adding: "I think our negotiating partners would not be wise if they believed that the Prime Minister was bluffing".

"We want to make it as easy as possible for European Union citizens and their family members in the United Kingdom to secure their rights", the Home Office's Statement of Intent said. Added to that, Airbus contributes around £1.7bn in tax revenues for the United Kingdom every year.

Thousands of Welsh jobs are at risk as Airbus has warned it could leave the United Kingdom if it exits the European Union single market and customs union without a transition deal after Brexit.

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