Order No. 2023-A-S-309

The licence is reinstated effective December 13, 2023

December 11, 2023

Suspension of Licence 230112 – Air-Invest Vagyonkezelő Kft. carrying on business as Air-Invest Kft. (Licensee).

Case number: 
23-59071

The Licensee is licensed to operate a non-scheduled international service on a charter basis between Hungary and Canada.

The Licensee's certificate of insurance on the Canadian Transportation Agency's record will expire on December 11, 2023.

The Licensee will cease to meet the requirement to have the prescribed liability insurance coverage under subparagraph 73(1)(a)(iii) of the Canada Transportation Act, SC 1996, c 10 (CTA), unless the prescribed liability insurance coverage is renewed.

Therefore, pursuant to paragraph 75(1)(b) of the CTA, the licence will be suspended at 00:01, Eastern Standard Time, on December 12, 2023, unless proof of valid renewal of the prescribed liability insurance coverage is received by December 11, 2023, 23:59, Eastern Standard Time.

The licence, if suspended, will be reinstated when the Manager of the Air Licensing and Charters Division is satisfied that the requirements of subparagraphs 73(1)(a)(ii) and (iii) of the CTA are met and provided that the other requirement of paragraph 73(2)(a) of the CTA continues to be met.

The licence, if suspended, will be automatically cancelled if it is not reinstated within one year from the date of this Order.

Member(s)

Heather Smith
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