Originally Posted by
runway30
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.
My understanding is that it's an on going requirement and you required to prove a certain amount of liquidity no matter what age of carrier your are ?!
They have just cancelled the 22:55 BHX-IBZ was boarding as well...