Suppose someone gets an EMB-145 SIC type from a Part 135 company, then goes Part 121 and gets an ATP along with an EMB-145 PIC type. IOE is completed with no issues however the airline closes down before the pilot consolidates. What are the consequences of not consolidating in this case? Is consolidation just so you can continue flying for a specific company after earning a new type or will it void my PIC type (in that case would I retain SIC privileges only from the first time I got the type)? Quite confused and would appreciate any insight. Thanks.
