A company that meets the qualifications as laid down in Subparagraph 1, Subparagraph 4 or Subparagraph 5 of Article 3, in applying for running a civil air transport enterprise, shall prepare to organize a new company. The application including the following papers in duplicate shall be filed with Civil Aviation Administration (hereinafter referred to as CAA) for MOTC permission:1) application form (attachment 1).2) original company by law.3)identification papers for original company register.4) original company roster of shareholders, list of board directors and supervisors.5) financial statement issued by domestic or foreign banks.6) draft company by law of the new company to be set up.7) list of sponsors and their identification papers for the new company.8) list of major members including at least three persons with the experience of a chairman, a president, an executive vice president, a senior vice president or higher position, or an equivalent position in a civil air transport enterprise for three or more years, and their identification papers for the new company.9) list of Director of Flight Operations, Chief Pilot, Director of Maintenance, Director of Quality Control and Director of Flight Safety of the new company in compliance with the aircraft flight operation regulations and their identification papers and consent letters.10) prospectus: inclusive of operational plans, air routes to be served, fleet of aircraft, estimated volume of load, forecast of revenue and expenditure, plan to raise capital.11) plans of equipment, organization and training relating to flight operation and mechanical service.12) sourcing of pilots and their training program.13) flight safety organization and planning.The shareholders in the original company shall hold over a half of total shares in the new company which will be established according to the preceding paragraph.Attachment 1 Civil Air Transport Enterprise Application.pdf