[Code of Federal Regulations]
[Title 14, Volume 4]
[Revised as of January 1, 2003]
From the U.S. Government Printing Office via GPO Access
[CITE: 14CFR380.25]

[Page 400-401]
 
                     TITLE 14--AERONAUTICS AND SPACE
 
   CHAPTER II--OFFICE OF THE SECRETARY, DEPARTMENT OF TRANSPORTATION 
                         (AVIATION PROCEEDINGS)
 
PART 380--PUBLIC CHARTERS--Table of Contents
 
         Subpart C--Requirements Applicable to Charter Operators
 
Sec. 380.25  Prospectus filing and related requirements.

    A charter operator may organize and operate a Public Charter only in 
accordance with this part, and subject to the following conditions:
    (a) No charter operator shall operate, sell, receive money from any 
prospective participant for, or offer to sell or otherwise advertise a 
charter or series of charters until the Office of Aviation Analysis, 
Special Authorities Division, has accepted a Public Charter prospectus 
as described in Sec. 380.28.
    (b) If within 10 days after the filing the Department notifies the 
charter operator that it has rejected the prospectus for noncompliance 
with this part, the prohibitions set forth in paragraph (a) of this 
section shall continue until the Department advises that it has accepted 
the prospectus.
    (c) The following amendments to a filed prospectus may be made:
    (1) The addition or cancellation of any flight;
    (2) A change in any flight, date, origin city or destination city; 
and
    (3) A change in or addition of any direct air carrier, securer, or 
depository bank.

[[Page 401]]

    (d) The charter operator shall amend the prospectus to reflect any 
change described in paragraph (c) of this section. The amendment shall 
be filed in the manner and form used for the original prospectus. It 
shall become effective upon filing unless the operator is otherwise 
notified.
    (e) The charter operator shall notify the depository bank (if any) 
and the securer of any change described in paragraph (c) of this section 
not later than when filing a prospectus amendment to reflect the change. 
If the securer is unable to adjust the security agreement as required by 
the change, the Office of Aviation Analysis, Special Authorities 
Division shall be advised of this fact within 2 business days.

(Approved by the Office of Management and Budget under Control Number 
2106-0005)