S.L. 499.28 Art. 9Approval of operator licence.

The Director may require that the air transport undertaking re-submits its operator licence for approval when -

(a) an air transport undertaking has ceased operations for six months or has not started operations for six months after the grant of an operator licence;

(b) a change in one or more elements affecting the legal situation of the undertaking and, in particular, in case of mergers or take-over: Provided that the air transport undertaking may, in such case as is referred to in this paragraph (b), continue its operation unless the Director considers that it should cease operation because safety is at risk, notifying the air transport undertaking with his reasons for doing so. SCHEDULE

(Regulations 3, 4 and 5) Information for use in association with regulations 3, 4 and 5 on financial fitness of air carriers. Information to be provided by a first-time applicant from a financial fitness most recent internal management accounts and, if available, audited the previous financial year. projected balance sheet, including profit and loss account, for the years. basis for projected expenditure and income figures on such items as rates, salaries, maintenance, depreciation, exchange rate fluctuations, charges, insurance, etc. Traffic/revenue forecasts. of the start-up costs incurred in the period from submission of commencement of operations and an explanation of how it is proposed these costs.

of existing and projected sources of finance. of shareholders, including nationality and type of shares to be held, Articles of Association. If part of a group of undertakings, information on relationship between them.

Projected cash flow statements and liquidity plans for the first two years of of the financing of aircraft purchase/leasing including, in the case of terms and conditions of contract.

Information to be provided for assessment of the continuing financial fitness licence holders planning a change in their structures or in their activities significant bearing on their finances. necessary, the most recent internal management balance sheet and audited the previous financial year. details of all proposed changes, eg., change of type of service, ke-over or merger, modifications in share capital, changes in etc. projected balance sheet, with a profit and loss account, for the current including all proposed changes in structure or activities with a bearing on finances.

and projected expenditure and income figures on such items as fuel, salaries, maintenance, depreciation, exchange rate fluctuations, charges, insurance, etc. Traffic/revenue forecasts. flow statements and liquidity plans for the following year, including all changes in structure or activities with a significant bearing on finances. of the financing of aircraft purchase/leasing including, in the case of terms and conditions of contract. Information to be provided for assessment of the continuing financial fitness licence holders. Audited accounts not later than six months after the end of the relevant period and, if necessary, the most recent internal management balance