Economic Authority Sample Clauses

Economic Authority. 1) A foreign air carrier conducting charter operations to or from the United States must hold the appropriate economic authority from the OST. Charter economic authority may be granted in the form of an exemption, foreign air carrier permit, or foreign aircraft permit/special authorization under 14 CFR part 375. Per the U.S. Department of Transportation (DOT), for licensing purposes, alternate airports are considered technical stops. Therefore, foreign air carriers who do not hold economic authority to serve the United States and want to file U.S. airports as alternate airports for weather reasons, may do so under the provisions of part 375, § 375.30. The FAA does not issue OpSpecs to part 375 operators. However, part 129 operators conducting nonscheduled flights to or from any point in the United States must provide prior notification, in accordance with the reporting requirements of OpSpec A001. 2) Part 375 is an economic regulation that provides oversight for the admission to, and navigation in, the United States of foreign civil aircraft, other than those foreign civil aircraft operated under common carriage authority contained in a foreign air carrier permit or exemption. Some of the operations may be noncommercial in nature while others involve remuneration of some form. In addition to foreign-registered civil aircraft, the part also applies to all foreign-owned and/or controlled N-registered aircraft wishing to operate to/from/within the United States. In most cases, operations licensed economically under part 375 would operate under part 91 of the FAA’s safety rules. An example of exceptions to that would be certain specialty air service operations that may be subject to 14 CFR part 133 or 137. 12-354 PROVISION OF ENTIRE AIRCRAFT WITH CREW. Under an OST-approved provision of aircraft with crew arrangement, a foreign air carrier may provide an entire aircraft with crew to a U.S.-certificated air carrier without acting contrary to the FAA’s regulations that generally prohibit a foreign air carrier from wet leasing aircraft to a U.S.-certificated air carrier. This agreement has features that are characteristic of a charter; however, the parties to the agreement may characterize it as a wet lease. If the lessor/grantor never transfers legal possession of the entire aircraft, the arrangement is not a prohibited § 119.53 wet lease. Likewise, if the arrangement makes it clear that the lessor/grantor never transfers actual possession (custody) of the entir...