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Notification Requirements Concerning Substantial Changes in Ownership and Operations

  July 15, 1998 Notice  

By this Notice, we remind all air carriers holding authority for which a fitness finding is required to comply with the notification requirements of 14 CFR 204.5 concerning a change in ownership or a filing of a petition or a plan of reorganization under Chapter 11 of the U.S. Bankruptcy Code, and to accompany such written notification with information in support of the carrier's continuing fitness. We also request that those carriers provide the Department with a minimum 30-day advance notification of any proposed ownership change, whether or not the change is part of a restructuring or recapitalization of a debtor-air carrier under a Chapter 11 plan of reorganization.


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