PANIC in Madrid: IBERIA could lose the right to fly in Europe after BREXIT

For the Spaniard who do not know, tell him that IBERIA is English, is part of the IAG Group (LAE Iberia and British Airways) even if the shareholder is Qatari. 
Vueling remember that although owned by the group is headquartered in Barcelona.

If the output of the United Kingdom of the European Union takes place without agreement, the airline could lose the right to operate on European soil-and therefore also in Spanish. This is one of the points that emerges from the plans presented yesterday by the European Commission for a tough bréxit.

That would imply that the Madrid airport would not be a  hub  with Latin America and lose 20% of passengers thanks to that connection must ... 
Possibly who would benefit would be the British airports.

The European Commission requires it to maintain in force the license that allows them to operate, the airline must be controlled by a company based in the European Union. A requirement that does not meet IAG as its headquarters in UK. 
Another possibility would be split ... That IBERIA split from British. With their respective division of assets and liabilities (1,600 million euros). 
Obviously the new European shareholders IBERIA should look into buying part of Qatar Airways ...