[Code of Federal Regulations]

[Title 14, Volume 4]

[Revised as of January 1, 2006]

From the U.S. Government Printing Office via GPO Access

[CITE: 14CFR294.32]



[Page 239]

 

                     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 D_General Rules for Registrants

 

Sec. 294.32  Security arrangements for operating Public Charters.



    When a Canadian charter air taxi operator performs a Public Charter 

under part 380 of this chapter, either:

    (a) The Canadian charter air taxi operator shall meet the bonding or 

escrow requirements applicable to foreign air carriers as set forth in 

Sec. 212.12 of this chapter; or

    (b) The Canadian charter air taxi operator shall ensure that it does 

not receive any payments for the charter until after the charter has 

been completed. In this case, its contracts with the charter operator 

and the charter operator's depository bank, if any, shall state that the 

charter operator or bank, as applicable, shall retain control of and 

responsibility for all participant funds intended for payment for 

charter air service until after the charter has been completed, 

notwithstanding any provision of part 380.