The FAA is revising Advisory Circular AC 91-37A, Truth in Leasing, dated Jan. 16, 1978. Why? The regulation that the AC explains, FAR Part 91.23, has not changed. Moreover, the FAA isn’t revising the basic premise behind the FAR and the AC: “There are aviation companies certificated to offer charter air service; however, there are also dozens of other companies or individuals who have no air carrier or operating certificate but who are willing to violate the law by evading ...

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