Hong Kong Regulations

AIR TRANSPORT (LICENSING OF AIR SERVICES) REGULATIONS - REGULATION 12

Period licences remain in force

The Licensing Authority may grant licences to remain in force for such period,
not exceeding 5 years, as they may in each case determine; commencing on the
date on which the licence is expressed to take effect: Provided that if, on
the date of the expiration of a licence, an application to the
Licensing Authority is pending for the grant of a new licence in substitution
for an existing licence held by the applicant, the existing licence shall
continue in force until the application is granted or refused.