General financial/fitness requirements
The SBA application process does not include a financial assessment, provided the CAA is satisfied that the applicant meets the requirements for an SBA, set out above.
Legally, the CAA must be satisfied that the people who own/control the business are fit to hold a licence. It will request details of the history of the people in a position of influence within an applicant and consider if they are likely to operate in a proper manner if granted a licence. If its preliminary view is that the people are unfit to hold a licence, it will issue a proposal to refuse the licence application, setting out the reasons for reaching the view and giving the applicant an opportunity to put its case to us at a formal meeting.
The CAA has issued a policy note which sets out the personal fitness criteria.