Part I Air traffic
Chapter II Transfer schemes
Secretary of State’s schemes
I145 Transfer schemes made by Secretary of State.
1
This section applies if—
a
the CAA fails to submit a transfer scheme within the time specified in a direction under section 43, or
b
the Secretary of State does not approve a transfer scheme submitted by the CAA.
2
In such a case the Secretary of State may make a transfer scheme after consulting each person who is a transferor or a transferee.
3
A scheme made under this section comes into force on the day it specifies for it to come into force.
4
When the scheme comes into force it has effect to transfer (in accordance with its provisions) the property, rights and liabilities to which it applies.
5
No scheme may be made under this section before the end of the period of three months starting with the day on which this Act is passed.