---
kind: "section"
citation: "14 C.F.R. § 380.25"
title: "14"
number: "380.25"
heading: "Prospectus filing and related requirements."
url: "https://uscodex.org/cfr/14/380.25"
---

# §380.25. Prospectus filing and related requirements.


A charter operator may organize and operate a Public Charter only in accordance with this part, and subject to the following conditions:

- (a) No charter operator shall operate, sell, receive money from any prospective participant for, or offer to sell or otherwise advertise a charter or series of charters until the Office of International Aviation, U.S. Air Carrier Licensing/Special Authorities Division , has accepted a Public Charter prospectus as described in [§ 380.28](/cfr/14/380.28.md).
- (b) If within 10 days after the filing the Department notifies the charter operator that it has rejected the prospectus for noncompliance with this part, the prohibitions set forth in [paragraph (a)](#a) of this section shall continue until the Department advises that it has accepted the prospectus.
- (c) The following amendments to a filed prospectus may be made:
  - (1) The addition or cancellation of any flight;
  - (2) A change in any flight, date, origin city or destination city; and
  - (3) **A change in or addition of any direct air carrier, securer, or depository bank.**
- (d) The charter operator shall amend the prospectus to reflect any change described in [paragraph (c)](#c) of this section. The amendment shall be filed in the manner and form used for the original prospectus. It shall become effective upon filing unless the operator is otherwise notified.
- (e) The charter operator shall notify the depository bank (if any) and the securer of any change described in [paragraph (c)](#c) of this section not later than when filing a prospectus amendment to reflect the change. If the securer is unable to adjust the security agreement as required by the change, the Office of International Aviation, U.S. Air Carrier Licensing/Special Authorities Division shall be advised of this fact within 2 business days.

## Notes

### Authority

Authority: 49 U.S.C. 40101, 40102, 40109, 40113, 41101, 41103, 41301, 41504, 41702, 41708, 41712, 46101.

### Source

Source: Docket No. OST-97-2356, 63 FR 28241, May 22, 1998, unless otherwise noted.