PPRuNe Forums - View Single Post - Third Airline Imminent (Alan Kohler)must read
Old 2nd Jun 2002, 10:30
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Qduck
 
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With reference to the "sale/tranfer" of AN's AOC to a third party it might do to look at what has and happening at YC, now QQ.

Flight West was put into voluntary liquidation in June last year, it then, with Sept 11 and AN falling over, went into administration (same as AN). The creditors then voted to put it under a Deed of Company Arrangement (same as AN). FWA was then sold, quite cheaply, and is in the throws of being renamed and expanding.

During all of the above the FW AOC was kept alive and all key officers kept in place.

FWA's AOC has therefore been "sold/transfered".

So it can be done.

By the way my two bobs worth is that FWA (new name) will be doing for the "third airline" what they were doing for AN, plus a bit .
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