The base will be automatically closed, but you will get a warning first.
No, his BASE will be closed if it does not meet the required a/c limit. (HQ is not relevant to this)And yes, he was talking about HQ.. I noticed first that he was talking about BASE airport ... so my bad.
Now you could rebrand/relocate your airline, but I think you will lose your bases.
You could rebrand but I'm pretty sure relocate is only available in first 3 months of operations.
You are correct. Relocating only if you have started the game less than three months in game time.
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