Hong Kong Regulations

AIR TRANSPORT (LICENSING OF AIR SERVICES) REGULATIONS - REGULATION 27

Transfer and assignment of licences, operating permits and permits

Caution: This is a past version. See the current version here.

A licence, operating permit or permit shall not be capable of being
transferred or assigned: Provided that in the event of the death, incapacity,
bankruptcy, sequestration or liquidation of the holder of a licence,
operating permit or permit, or of the appointment of a receiver or manager or
trustee in relation to the business of the holder of a licence,
operating permit or permit the person for the time being carrying on that
business shall, if within 14 days of his commencing so to do, he makes
application to the Licensing Authority or the Director of Civil Aviation (as
the case may be) for a new licence, operating permit or permit, be entitled to
provide the air services authorized by the existing licence, operating permit
or permit subject to the conditions thereof, until the application is
determined. (L.N. 140 of 1969; L.N. 177 of 1971; L.N. 22 of 1985)