FRANKFURT—EasyJet is reshaping its corporate structure and setting up a new air operator’s certificate (AOC) to deal with the UK’s 2016 vote to leave the EU. Earlier this year, Europe’s second-largest low-fare airline applied to Austria’s aviation regulator for an AOC. The airline now says the process is “well advanced,” and that it “hopes to receive the AOC and license in the near future.” The new airline, EasyJet Europe, will be based ...

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