Originally Posted by
80ktsClamp
Slow- care to address the exemption on page 1-7, lines 1-3 (note 2)?
It's right in the definitions:
14. “Circumstance over which the Company does not have control,” for the purposes of
28
Section 1, means a circumstance that includes, but is not limited to, a natural disaster;
29 labor dispute; grounding of a substantial number of the Company’s aircraft by a
30 government agency; reduction in flying operations because of a decrease in available fuel
31 supply or other critical materials due to either governmental action or commercial
32 suppliers being unable to provide sufficient fuel or other critical materials for the
33 Company’s operations; revocation of the Company’s operating certificate(s); war
34 emergency; owner’s delay in delivery of aircraft scheduled for delivery; manufacturer’s
35 delay in delivery of new aircraft scheduled for delivery. The term “circumstance over
36 which the Company does not have control” will not include the price of fuel or other
37 supplies, the price of aircraft, the state of the economy, the financial state of the
38 Company, or the relative profitability or unprofitability of the Company’s then-current
39 operations.