[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: 14CFR298.3]

[Page 254]
 
                     TITLE 14--AERONAUTICS AND SPACE
 
   CHAPTER II--OFFICE OF THE SECRETARY, DEPARTMENT OF TRANSPORTATION 
                         (AVIATION PROCEEDINGS)
 
PART 298--EXEMPTIONS FOR AIR TAXI AND COMMUTER AIR CARRIER OPERATIONS--Table of Contents
 
                           Subpart A--General
 
Sec. 298.3  Classification.

    (a) There is hereby established a classification of air carriers, 
designated as ``air taxi operators,'' which directly engage in the air 
transportation of persons or property or mail or in any combination of 
such transportation and which:
    (1) Except as provided in Sec. 298.5, do not directly or indirectly 
utilize large aircraft in air transportation;
    (2) Except as provided in Sec. 298.5, do not hold a certificate of 
public convenience and necessity or economic authority issued by the 
Department or the CAB other than that provided by this part;
    (3) Have registered with the Department in accordance with subpart C 
of this part;
    (4) Have and maintain in effect liability insurance coverage in 
compliance with the requirements set forth in part 205 of this chapter 
and have and maintain a current certificate of insurance evidencing such 
coverage on file with the Department; and
    (5) If operating as a commuter air carrier or in foreign air 
transportation or participating in an interline agreement, have and 
maintain in effect and on file with the Department a signed counterpart 
of Agreement 18900 (OST Form 4523 or OST Form 4506)) and comply with all 
other requirements of part 203 of this chapter.
    (b) Except as provided in Sec. 298.5, a person who does not observe 
the conditions set forth in paragraph (a) of this section shall not be 
an air taxi operator or commuter air carrier within the meaning of this 
part with respect to any operations conducted while such conditions are 
not being observed, and during such periods is not entitled to any of 
the exemptions set forth in this part.

[ER-929, 40 FR 42855, Sept. 17, 1975, as amended by ER-1039, 43 FR 1490, 
Jan. 10, 1978; ER-1213, 46 FR 12478, Feb. 17, 1981; ER-1333, 48 FR 8051, 
Feb. 25, 1983; Docket No. 47939, 57 FR 40103, Sept. 2, 1992]