If any property, rights or liabilities are transferred under a transfer scheme1 from the Civil Aviation Authority ('CAA')2 to a company3, from a company to the CAA, or from one company to another company, the transfer scheme may state the value at which any asset transferred to the transferee4 under the scheme is to be entered in the opening accounts of the transferee5 and the amount at which any liability so transferred is to be entered in those accounts6.
The value or amount which may be stated7 is:
(1) in a case where the whole of the asset or liability
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