Take the Airbus chief's no-deal Brexit warning seriously | Nils Pratley

The aviation industry is run on multinational lines. UK wing production could easily take off and land somewhere else

There is one complaint about Tom Enders' latest warning about Brexit. The chief executive of Airbus would do himself a favour if he sounded vaguely grateful for the huge subsidies his company has received from the UK government, and thus British taxpayers, over the decades. The corporate sense of entitlement is one reason why we're in the current mess.

But let's save that one for another day. When Enders warns that a no-deal Brexit could force "potentially very harmful decisions" for Airbus's operations in the UK, it's time we listened to him and ignored what he called "the Brexiteers' madness". This is about the politics and economics of aircraft production and three points are important.