Economic requirements for authorization of aircrafts tecnical maintenance organizations

Authorization of aircrafts technical maintenance organizations is performed according to civil aviation regulation RAC-AID "Airworthiness procedures manual", JAR 145 Part “Procedures for approval of aircraft technical maintenance organizations”, 02/November, 2004 edition, approved by CAA No. 74/GEN of 09.11.2004, published in Official Journal No. 208-211/443 of 19.11.2004.

AUTHORIZATION PROCEDURE FOR AIRCRAFT TECHNICAL MAINTENANCE ORGANIZATIONS
Economic evaluation of the applicant

Initial application of the Authorization JAR 145/its extension and amendment
Economic requirements Meeting economic requirements by the applicant
1. Existence of bank confirmation regarding the solvency of the applicant and availability of sufficient funds. Extract of bank account.
2. Copy of liability Insurance Agreement covering aviation risks related to aircraft technical maintenance organization.