The registration of a foreign indirect air carrier may be canceled or subjected to additional terms, conditions or limitations if:
(a)
It files with the Department a written notice that it is discontinuing foreign indirect air carrier activities;
(b)
It fails to perform air transportation services as authorized;
(c)
It fails to file the reports required by this part;
(d)
A substantial ownership or control interest is acquired by persons who are not citizens of the country of citizenship of the registrant;
(e)
There is a failure of effective reciprocity; or
(f)
The Department finds that it is in the public interest to do so.
Code of Federal Regulations
[ER-1159, 44 FR 69635, Dec. 4, 1979, as amended by ER-1294, 47 FR 19685, May 7, 1982]