[Code of Federal Regulations]
[Title 14, Volume 4]
[Revised as of January 1, 2002]
From the U.S. Government Printing Office via GPO Access
[CITE: 14CFR294.50]

[Page 243]
 
                     TITLE 14--AERONAUTICS AND SPACE
 
   CHAPTER II--OFFICE OF THE SECRETARY, DEPARTMENT OF TRANSPORTATION 
                         (AVIATION PROCEEDINGS)
 
PART 294--CANADIAN CHARTER AIR TAXI OPERATORS--Table of Contents
 
     Subpart F--Cancellation of Registration and Presidential Review
 
Sec. 294.50  Cancellation, revocation, or suspension of registration.


    The registration of a carrier subject to this part may be revoked, 
canceled, suspended, modified, or otherwise subjected to additional 
terms and conditions by the Department if:
    (a) The carrier files with the Department a written notice that it 
is discontinuing operations;
    (b) The carrier is the holder of a section 41302 permit to perform 
large aircraft charters under the Agreement;
    (c) Substantial ownership or effective control is acquired by 
persons who are not (1) citizens of Canada, (2) the Government of 
Canada, or (3) a combination of both;
    (d) The Canadian Government withdraws the registrant's designation 
under the Agreement;
    (e) The Agreement between the two countries is terminated;
    (f) The registrant fails to have proper insurance coverage, or fails 
to file or keep a current insurance certificate on file with the 
Department;
    (g) The registrant fails to comply with the terms, conditions, or 
limitations of this part;
    (h) The carrier's operations specifications issued by the FAA are 
suspended or terminated;
    (i) The Department finds that it is in the public interest to do so.

[ER-1257, 46 FR 52591, Oct. 27, 1981, as amended at 60 FR 43526, Aug. 
22, 1995]

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