European regulations requires that the majority of airline shareholders be from the EU if they want to keep their flight license within European airspace. With the proximity of Brexit, the fear that the Spanish airline would not comply with this requirement increased, since much of the capital of Iberia and its parent, IAG, is controlled by British entities, as well as third countries. In fact, the parent’s largest shareholder is Qatar Airways, with 25%.
“This very Tuesday, the authorities told me that it is being fulfilled according to the calendar, therefore there is no concern right now that Iberia cannot continue with its flights,” explained the Secretary of State.
On December 11, the President of the Government, Pedro Sánchez, already defended that once Brexit becomes effective, Iberia will be able to continue operating in European airspace (see: Iberia will operate in Europe after Brexit, says the Spanish Government) .
“I can guarantee you that it will be able to operate in European airspace,” Sánchez literally replied to a question on that occasion, about the possibility or not that Iberia and Vueling have adapted to be able to continue operating as community companies, by being part of a holding company with a strong British component. A case in which the Irish Aer Lingus is also found.