Economic requirements for air operator certification (AOC)
Requirements to be met for getting Air Operator Certificate are provided by the civil aviation regulation RAC-AOC "Air Operators Certificate" 02/June 2005 edition, approved by CAA No. 66/GEN of 28.06.2005, published in Official Journal No. 92-94/325 of 08.07.2005, as amended and supplemented.
AIR OPERATOR CERTIFICATION PROCEDURE
Economic evaluation of the applicant
AOC Initial Application |
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№ |
Economic requirements |
Meeting economic requirements by the applicant |
1. |
Existence of bank confirmation regarding the solvency of the applicant and availability of sufficient funds. The extract of bank account. |
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2. |
Demonstration of the financial sources availability sufficient for carrying out the proposed activity with no income for 6 months, but no less than 500 thousand MDL. |
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3. |
Minimum statutory shareholding of 500 thousand MDL |
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4. |
Equity holding not less than the amount of statutory capital |
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5. |
Coherent program of ongoing support and/or development of own activity |
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6. |
Copy of insurance contracts available for third-party liability for each aircraft to operate, including:
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7. |
Copies of insurance agreements available for aircraft load to operate. |
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AOC validity extension / AOC amending |
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1. |
Air operator report on the economic activity |
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2. |
Further economic activity plan |
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3. |
Proof of payment of the debt by the air operator to other aeronautical agents |
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4. |
Bank account extract. Existence of bank confirmation regarding the solvency of the applicant and availability of sufficient funds. |
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5. |
Demonstration of the financial resources availability sufficient for carrying out the proposed activity with no income for 6 months, but no less than 500 thousand MDL. |
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6. |
Minimum statutory shareholding of 500 thousand MDL. |
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7. |
Equity holding not less than the amount of statutory capital. |
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8. |
Coherent program of ongoing support and/or development of own activity |
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9. |
Copy of insurance contracts available for third-party liability, passengers, baggage, mail for aircrafts that operate or will operate, including:
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10. |
Copies of insurance agreements available for aircrafts. |
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