Capn Bloggs cheers mate
grrowler & gas-chamber thanks for making perfect sense.
I can't believe this topic has gone on for so long & still ppl are arguing about "buying AOC's"
3 holer said
You cannot buy an AOC!
3 holer, yes technically one cannot "buy an AOC" as it is company specific however if the company structure stays the same i.e. key personnel, in CASA's eyes, remain in place & the new owners are financially viable enough to manage the company, again in CASA's eyes, then it can be sold as a going concern including the AOC.
As is evidenced by the initial sale of Ozjet to Heavy Lift, when that went through did Ozjet have to stop flying & re-apply for their AOC?
Not to mention other changes of ownership in recent history like Ansett to Air New Zealand then subsequently the failed Tesna bid, Virgin to Patricks then subsequently to Toll, Macair when it was sold to Byrt & Co, Pelair & Airlink to Rex, NJS to Cobham etc etc.