S.L. 499.28 Art. 8Ownership, lease and registration of aircraft.

(1) The Director shall not refuse an application for the grant of an operator licence by reason of the applicant not holding ownership of aircraft provided however that he has one or more aircraft at his disposal through ownership or any form of lease agreement.

(2) An aircraft used by an air transport undertaking to which an operator licence is granted shall be registered at the option of the Director, either in Malta or in an Agreement State, except when the aircraft is the subject of a short-term lease agreement to meet temporary needs or otherwise in exceptional circumstances.