Official Record Series 1 - Annex 3

OFFICIAL RECORD SERIES 1 - ANNEX 3

ANNEX 3:  INFORMATION TO BE PROVIDED BY OPERATING LICENCE HOLDERS AND AIR TRANSPORT LICENCE HOLDERS

The following table lists the CAA’s requirements for monitoring information to be provided by holders of Operating Licences and Air Transport Licences.

  

Information required from all Operating Licence and Air Transport Licence holders

Additional information required from all Type A Operating Licence and ATL holders

Additional information required from all financially monitored licence holders

Examples of     Ad Hoc Requirements

 

·        Annual confirmation of insurance arrangements.

·        Six-monthly confirmation of corporate details (for example, directors, management and shareholders). (a)

 

·        Quarterly information on aircraft fleet and fleet financing.

·        Quarterly details of future fleet commitments.

·        Annual audited accounts.

·        Annual budget and cash flow forecast and supporting assumptions. (b)

·        Monthly management accounts, including cash flow statement and balance sheet. (b)

·        Notification of any significant changes to the nature or scale of operations.

 

·        A revised business plan reflecting significant changes to the nature or scale of operations.

·        Copies of key documents such as major financing instruments, leases and other contracts.

·        Information on covenants attached to major financing instruments.

 


(a) If changes have occurred which might affect the CAA's view of an airline's control, it needs to be notified of such changes as soon as possible;  in particular, the Council Licensing Regulation provides that changes in significant shareholdings (those which constitute more than 10% of the total) must be notified within 14 days of their occurring.
(b) In general, CAA accepts this information in the format used by the licence holder.  In some cases more detail will be required.

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