Hong Kong Regulations

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

Transfer and assignment of licences, operating permits and permits

(Past version on 30/06/1997).

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-General 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; L.N. 326 of 2000)