(1)A licence may be granted to a company authorising it to provide air traffic services in respect of a managed area.
(2)A licence—
(a)may be granted in respect of air traffic services of one or more specified descriptions;
(b)may be granted in respect of one or more specified areas (any of which may consist of all or part of a managed area).
(3)A licence is not valid unless it is in writing.
(4)A licence is not valid unless it is granted to [F1a company (as defined in section 1(1) of the Companies Act 2006) that is limited by shares.]
(5)A licence continues in force for the period specified in it or determined by or under it, unless it previously ceases to have effect in accordance with its provisions.
(6)A licence may not be transferred.
Textual Amendments
F1Words in s. 5(4) substituted (1.10.2009) by The Companies Act 2006 (Consequential Amendments, Transitional Provisions and Savings) Order 2009 (S.I. 2009/1941), art. 1(2), Sch. 1 para. 184(2) (with art. 10)
Commencement Information
I1S. 5 wholly in force at 1.2.2001, see s. 275(1)(2) and S.I. 2001/57, art. 3(1), Sch. 2 Pt. I (subject to the transitional provision and saving in Sch. 2 Pt. II)