British airlines will lose all flying rights to the European Union if there is no transition agreement after Brexit, the EU executive said on Tuesday, a stark reminder of the risks facing the aviation sector if there is no deal. In a notice to all airlines, the European Commission said UK air carriers would no longer enjoy traffic rights under any air transport agreement to which the EU is a party, meaning they would no longer have the right to fly to the EU and between its member states. They would also lose flying rights under agreements between the EU and third countries, such as the U.S.-EU Open Skies agreement. ... (full story)