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Old 5th Feb 2012, 19:59
  #51 (permalink)  
wigglyamp
 
Join Date: Nov 2007
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Fast sale

PWC's sale data for Fast made much of the approvals it held, yet set it out as a sale of trade and assets. If it's a pre-pack in this manner then all approvals will be lost when the newco takes over, so no Part 145 etc. Only way to keep the approvals is to sell as a going concern and then the buyer gets lumbered with the debts - most unlikely scenario.
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