If the Civil Aviation Authority ('CAA')1 fails to submit a transfer scheme2 within the time specified3, or the Secretary of State4 does not approve a transfer scheme submitted by the CAA, the Secretary of State may make a transfer scheme after consulting each person who is a transferor5 or a transferee6. Such a scheme comes into force on the day it specifies7. When the scheme comes into force it has effect to transfer (in accordance with its provisions) the property, rights and liabilities to which it applies8.
If the Secretary of State proposes to make a transfer scheme he may
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