Hey FT
At the risk of sounding naive but how can an Airline simply be a paper AOC, it is my understanding that a company cannot apply for an AOC if they do not have an AC for the NCAA or any country's CAA to inspect the AC and so on.
So from what I understand is the Paper AOC is simply an assumption that a company will operate the said aircraft under the said conditions but only when the aircraft is available.
Any chance of explaining this concept if you mind doing so, many thanks.
WA