Air Carrier. The Assignee is a citizen of the United States (as defined in 49 U.S.C. ss.40102) holding an air carrier operating certificate issued under 49 U.S.C. chapter 447 for aircraft capable of carrying 10 or more individuals. Assignee is duly licensed by all Governmental authorities whose license or approval may be required to conduct its operations and to operate the Aircraft in air commerce under Part 121 of the Federal Aviation Administration Air Regulations, 14 C.F.R. 121, and to use an air carrier aircraft radio station under Part 87 of the Federal Communications Commission Aviation Services Regulations, 47 C.F.R. 87, and to the best of the knowledge of Assignee there is no pending or threatened action or proceeding to revoke, modify or suspend any such license.
Appears in 2 contracts
Sources: Aircraft Lease Agreement (Turn Works Acquisition Iii Sub a Inc), Aircraft Lease Agreement (Turn Works Acquisition Iii Sub a Inc)