Thread:Comments:Iraqi Airways drops flights to United Kingdom and Sweden/Dissolving the airline/reply (6)

That possibly should be the case - but it isn't. Once it is established the airline is the same entity, then it becomes liable for the thefts again, since they were effectively conducted by Iraqi; at the very least, Iraqi accepted stolen goods.

A better bet might be to asset strip the airline - sell off the aircraft etc individually, rather than selling an intact airline.