On 22 December 2020, and ahead of the end of the transition period on 30 December 2020, we published a note on the consequences of Brexit for the aviation industry. At this point, discussions were still ongoing regarding a trade deal between the United Kingdom (UK) and the European Union (EU).
On 24 December 2020, it was announced that the UK and the EU had reached agreement in principle on a Trade and Cooperation Agreement (TCA) setting out their future relationship. This update summaries the key details of the TCA relevant to the aviation industry. It is supplemental in nature to our original note unless otherwise indicated.
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