(1)This section applies if an application is made to any court for the winding up of a licence company.
(2)The Secretary of State and the CAA are entitled to be heard by the court.
(3)The court must not make a winding up order or appoint a provisional liquidator.
(4)But if the court is satisfied that it would be appropriate to make a winding up order if the company were not a licence company, it must instead make an air traffic administration order.
(5)The Secretary of State and the CAA may propose a person to manage the company’s affairs, business and property while an air traffic administration order is in force; and if they do the court must appoint that person.
(6)A reference to the court is to the court which (but for this section) would have jurisdiction to wind up the company.
Commencement Information
I1S. 27 wholly in force at 1.2.2001, see s. 275(1)(2) and S.I. 2001/57, art. 3(1), Sch. 2 Pt. I (subject to the transitional provision and saving in Sch. 2 Pt. II)