Originally Posted by
Call Established
Runway ZB hold a type A and thus the Financial fitness of the airline will be subject to separate bonding requirements. I suspect this is more important than the ATOL.. ERG - economic regulation group of the CAA will be watching them like a hawk of late - looking at losses, exposure, cash position etc.. the more you lose or the more you look unfit the higher the bonding will be required and this will be a cash bond in the bank for the airline side ...
Sorry but it isn't a bond.
Applicants for a Type A Operating Licence must demonstrate that they have sufficient funding for the first two years of operations, including that they are able to meet their costs for the first three months of operations without income.
The exact amount of funding is established by the CAA based on a realistic business plan submitted by the applicant.