| (1) | Unless otherwise specified by the Director, an AOC shall remain valid and in force until suspended or cancelled: Provided that— |
| (a) | the operator submits 30 days prior to the anniversary date of initial issue, the appropriate application form and annual fee as prescribed in Part 187; |
[Regulation 135.06.4(1)(a) substituted by regulation 15(b) of Notice No. R. 783, GG 39151, dated 1 September 2015 (Ninth Amendment of the Civil Aviation Regulations, 2015)]
| (b) | the operator successfully completes such audits and inspections as were carried out by the Director, including the satisfactory resolution of any findings reported to the operator by the Director; |
| (c) | the operator continues to meet the requirements for issue of an AOC; and |
| (d) | the AOC is not voluntarily returned to the Director. |
| (2) | An AOC is not transferable to any other entity. |
| (3) | Where an operator is notified by the Director that its AOC has been suspended or cancelled, the operator shall return the AOC to the Director within seven days of such notification. |
