S.L. 499.28 ст. 3Conditions for the issueofanoperator licence.

(1) An applicant air transport undertaking to which an operator licence is to be granted for the first time must be able to demonstrate to the reasonable satisfaction of the Director that:

(a) it can meet at any time its actual and potential obligations, established under realistic assumptions, for a period of twenty-four months from the start of operations; and

(b) it can meet its fixed and operational costs incurred for operations according to its business plan and established under realistic assumptions, for a period of three months from the start of operations, without taking into account any income from its operations.

(2) For the purpose of subregulation (1), an applicant shall submit a business plan for, at least, the first two years of operation. The business plan shall also detail the applicant’s financial links with any other commercial activities in which the applicant is engaged either directly or through related undertakings. The applicant shall also provide all relevant information, in particular the data in Part A of the Schedule to these regulations.