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 Government of Canada terminates or suspends authority it granted to the registrant to conduct charter air service between the United States and Canada.
- (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; 71 FR 49347, Aug. 23, 2006]