The assessment of the financial performance is based on the recognition that the financial health of an air carrier and safety may be linked. For this reason, each Member State of the European Union should conduct rigorous monitoring of the financial health of air carriers in accordance with Regulation (EC) 1008/2008.
Assessment of the financial performance of air carriers:
For granting an operating licence [Art.5, Annex I point 1]
In the event of a change or addition to the operating licence [Art. 8, Annex I point 2].
Monitoring of the continued validity of an operating licence [Art. 8, Art. 9, Annex I, point 3].
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