(1)If, in the case of any airport in respect of which a metropolitan county council has property, rights or liabilities, the Secretary of State is satisfied that the councils of the districts comprised in the county have agreed on—
(a)the operation of the airport from the abolition date by a committee consisting of or including members appointed by all or any of those councils; and
(b)the transfer or division of the property, rights and liabilities of the metropolitan county council to or among all or any of those councils,
he may, by an order coming into force on that date, provide for the transfer or division of that property and those rights and liabilities in accordance with the agreement.
(2)If, in the case of any such airport, the Secretary of State is not satisfied as aforesaid he may by an order coming into force on the abolition date provide for the transfer of the property, rights and liabilities of the metropolitan county council in respect of the airport to the metropolitan county passenger transport authority.
(3)In sections 30 to 33. 35, 37(3), (4) and (5), 60(3)(a) and 88 (10) of the [1982 c. 16.] Civil Aviation Act 1982 (airport functions of local authorities) references to a local authority shall include references to a metropolitan county passenger transport authority; and before making any order under subsection (1) or (2) above the Secretary of State shall satisfy himself that any necessary consent under section 30 of that Act has been or will be obtained.