# The Licensing of Air Carriers Regulations 1992, Regulation 16: Operating licences


The CAA shall, for the purposes of paragraph 7(a) of article 5 of the Council Regulation, always afford air carriers exclusively engaged in operations with aircraft of less than 10 tonnes maximum take off weight or less than 20 seats the option of providing the information relevant for the purposes of paragraph 5 of that article instead of being required to demonstrate that their net capital worth is at least 80,000 ECUs or such other sum as may be published pursuant to paragraph 7(b) of that article.

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Source: https://www.legislation.gov.uk/uksi/1992/2992/regulation/16 (the official version)
Page: https://openlegislation.uk/licensing-of-air-carriers-regulations-1992/regulation-16
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.