[Code of Federal Regulations]
[Title 14, Volume 4]
[Revised as of January 1, 2008]
From the U.S. Government Printing Office via GPO Access
[CITE: 14CFR294.32]

[Page 238-239]
 
                     TITLE 14--AERONAUTICS AND SPACE
 
   CHAPTER II--OFFICE OF THE SECRETARY, DEPARTMENT OF TRANSPORTATION 
                         (AVIATION PROCEEDINGS)
 
PART 294_CANADIAN CHARTER AIR TAXI OPERATORS--Table of Contents
 
                 Subpart D_General Rules for Registrants
 
Sec. 294.32  Security arrangements for operating Public Charters.

    When a Canadian charter air taxi operator performs a Public Charter 
under part 380 of this chapter, either:
    (a) The Canadian charter air taxi operator shall meet the bonding or 
escrow requirements applicable to foreign air carriers as set forth in 
Sec. 212.8 of this chapter.
    (b) The Canadian charter air taxi operator shall ensure that it does 
not receive any payments for the charter until after the charter has 
been completed. In this case, its contracts with the charter operator 
and the charter operator's depository bank, if any,

[[Page 239]]

shall state that the charter operator or bank, as applicable, shall 
retain control of and responsibility for all participant funds intended 
for payment for charter air service until after the charter has been 
completed, notwithstanding any provision of part 380.

[ER-1257, 46 FR 52591, Oct. 27, 1981, as amended by Doc. No. 2006-25691, 
71 FR 49347, Aug. 23, 2006]