Cap. 232 Art. 8Revocation, suspension and variation of licences.

(1) If, in the case of any person who is the holder of an operator licence, the Authority is at any time no longer satisfied that such person -

(a) meets the conditions in and under this Act for the issue and holding of an operator licence; or

(b) is competent and a fit and proper person to operate aircraft for the purposes authorised by the licence, the Authority shall, as may appear to it appropriate in the circumstances, revoke, suspend or vary that licence.

(2) If, as a result of insolvency or similar proceedings against the holder of an operator licence, the Authority is satisfied that there is no realistic prospect of a satisfactory financial reconstruction of the holder within a reasonable time, it shall revoke the licence.