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Old 3rd May 2020, 22:39
  #4092 (permalink)  
JSCL
 
Join Date: May 2011
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Originally Posted by davidjohnson6
Sounds like an administrator trying to generate some extra fees for themselves because there might still be some extra cash left in the business after they get paid off for work done so far - or the administrators want to cover their backsides against being sued by creditors for not having ticked the right boxes
I think more likely than not their may be certain contractual terms with debtors and or insurance provisions that may only be valid in the event of an active AOC, with penalties if licence is revoked.

But it is ridiculous that across the US and most of Europe, airlines can apply for some degree of bankruptcy protection to at least try fix things whilst maintaining an AOC.
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