799. Extinguishment of liabilities.

799.     Extinguishment of liabilities.

With the consent of the Treasury1, the Secretary of State2 may give a direction to the Civil Aviation Authority ('CAA')3 if he thinks that to do so would be appropriate in connection with a transfer scheme4 which has been or is proposed to be made5. A direction may be given in relation to a company which is wholly owned by the CAA6 when the direction is given, and it may require the CAA7:


    (1)     to release the company from liability in respect of debts which the company owes to the CAA and which