817. Approval of leased aircraft used by air carriers with valid operating licences.

A dry lease agreement1 to which a Community air carrier2 is a party or a wet lease agreement3 under which the Community air carrier is the lessee of the wet-leased aircraft must be subject to prior approval in accordance with applicable EU or national law on aviation safety4.

A Community air carrier wet leasing aircraft registered in a third country from another undertaking must obtain prior approval for the operation from the competent licensing authority5.

Where an air carrier intends to enter into:


    (1)     a dry lease agreement as lessor6;


    (2)     a dry lease agreement as lessee in circumstances where the