Operating certificate
From Wikipedia, the free encyclopedia
 |
This article is missing citations or needs footnotes. Please help add inline citations to guard against copyright violations and factual inaccuracies. (March 2008) |
Operating certificate is a category of license issued by a government agency allowing an individual or company to provide a controlled type of service. These certificates are generally issued for a limited time period. Certificates can have intrinsic value and in some cases can be sold (Northwest Airlines, Inc. bought the operating certificate of defunct FLYi to "start-up" Compass Airlines now a non-mainline "feeder airline" for Delta Air Lines marketed as the Delta Connection).
The term can be used to describe the document issued to operate any of the following:
- Airline; in the United States, the authority to operate an airline
- Airport; in the United States, the authority to operate an airport
- Adult care facility; generally issued by a local authority
- Transportation company; generally issued by a local authority
[edit] United States
According to the - United States Department of Transportation, Federal Aviation Administration to maintain an airline air carriers operating certificate in the category of fitness an air carrier must maintain the following three standards[1]:
- adequate financing
- competent management
- a willingness to comply with applicable laws and regulations which include:
- at least 75 percent of airlines controlling voting equity must be held by US citizens.
 |
Please help improve this article by expanding it. Further information might be found on the talk page. (January 2007) |
