27. CMG also relied on the provisional suspension of the AOC to submit that the CAA was obliged pursuant to Article 9(5) of the EU Regulation also immediately to take steps to suspend or revoke the OLs and RLs. It stated that one of the purposes of the EU Regulation was to ensure that the financial health of an airline did not adversely affect safety. Since SARG had identified serious breaches of safety regulations which led it to make a provisional suspension of the AOC, it followed that the OL and RLs should also be suspended or revoked. There was no prospect of Flybe remedying the safety concerns which had been identified since it lacked the manpower, cash and necessary resources to do so.
Difficult to say without seeing the whole doc, but could this be as straigtforward as saying that once the company ceased trading, it could no longer keep it's a/c airworthy?. Didn't BE stop operating before tha AOC was pulled, rather than they stopped because the AOC was suspended?