So a business plan and finance required for 2 years. The first 3 months financed assuming no income.
BMIR already holds an AOC, so rather than that I suspect the following is more likely to be what the CAA will be looking for in any new owner of the airline:
24. Article 8 of the Licensing Regulation requires operators to notify licensing authorities of changes to their operation and, if requested to do so, to supply revised business plans. Article 9 gives licensing authorities the power to suspend or revoke a licence if they are no longer satisfied that the holder can meet its financial obligations for the next 12 months.
So any new owner is likely to have to not only find the price BA is asking, but also satisfy the CAA that the airline will be financially sound for at least a year.
Andy