Corporate activities of the designated airlines (指定航空会社の企業活動)
令和7年7月18日|p.17
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ARTICLE 11
Corporate activities of the designated airlines
1. The designated airlines of either Contracting Party shall be permitted, in
accordance with the applicable laws and regulations of the other Contracting Party, to
establish and maintain in the territory of the other Contracting Party their branches and to
engage in activities necessary for the operation of the agreed services.
2. The designated airlines of either Contracting Party shall be entitled, in accordance
with the applicable laws and regulations of the other Contracting Party, to bring in and
maintain at their branches in the territory of the other Contracting Party their own
managerial, technical, operational and other specialist staff as are reasonably required for
the provision of air services.
3. The designated airlines of either Contracting Party shall be permitted to transfer
freely, in accordance with the applicable laws and regulations of the other Contracting
Party, in convertible currencies, at the prevailing rate of exchange in the official market
at the time of remittance, the excess of receipts over expenditure earned by those airlines
in the territory of the other Contracting Party in connection with the operation of the
agreed services, and to establish and maintain, for the operation of such agreed services,
deposit accounts in foreign currencies and in convertible domestic currency in accordance
with the applicable laws and regulations of the other Contracting Party.