Airbus said it would "analyse the consequences" of the Brexit deal on its operations - but welcomed that no-deal disruption now looked set to be avoided.

The º£½ÇÊÓÆµ and European Union (EU) reached a post-Brexit trade deal on Christmas Eve, ending months of disagreements over fishing rights and future business rules.

If approved by the º£½ÇÊÓÆµ and EU parliaments then it will halt the imposition of tariffs, or taxes on imports.

It won't though eliminate extra red tape on trade as the º£½ÇÊÓÆµ - with the exception of Northern Ireland - leaves the customs union and single market.

Airbus chief executive officer Guillaume Faury said they "welcome the news that an agreement has been reached between the EU and º£½ÇÊÓÆµ".

He added: "We are delighted to continue to work with our many stakeholders in the spirit of collaboration and long-term partnership."

An Airbus spokesman added: "We need to analyse the consequences on our business, but we are pleased that the potential disruption from a no-deal scenario has been avoided.

"A strong partnership will generate benefits right across Europe."

Airbus has previously warned that Brexit could hit future investment in the º£½ÇÊÓÆµ - where the aerospace employs thousands of staff at Broughton in North Wales and Filton, near Bristol.