(1) An air operator certificate may be granted subject to such conditions as the Authority considers appropriate.
(2) An air operator certificate shall remain in force for the period specified in Part 9 of the Schedule, but may be reviewed by the Authority from time to time to determine that the holder is fit and qualified in accordance with the requirements of Part 9 of the Schedule.
(3) A holder of an air operator certificate shall maintain the required standards of operations established in these Regulations in the conduct of its commercial air transport operations.