Sections 41 and 42: Introduction
40.Transfer schemes are the means by which shares in the current air traffic services provider will be transferred out of the CAA’s ownership and into Crown ownership, in readiness for partial sale. The transfer of ownership is the means by which the objective of separating the CAA’s regulatory functions from the provision of services is achieved. The transfer scheme provisions also allow the corporate structure of the air traffic service provider’s business to be reorganised in light of the new licensing regime and the proposed public private partnership.
41.Section 41 deals with the meaning of a transfer scheme, and describes the parties between whom transfers can be made. Section 42 contains supplementary provisions detailing what a transfer scheme may do.
