Canadian Aviation Regulations

203.01 In this Subpart,

Canadian air operator

Canadian air operator includes the holder of a flight training unit operator certificate issued under Subpart 6 of Part IV and the holder of a private operator certificate issued under Subpart 4 of Part VI; (exploitant aérien canadien)

lease

lease means an agreement in respect of the operation of an aircraft that

• (a) specifies a commencement and a termination date,

• (b) gives the lessee legal custody and control, and the right to exclusive possession and use, of the aircraft during its term, and

• (c) may include provisions respecting the operation of the aircraft for hire or reward; (location)

leasing operation

leasing operation means the operation of an aircraft pursuant to this Subpart; (utilisation d’aéronefs loués)

operator certificate

operator certificate includes an air operator certificate, a flight training unit operator certificate and a private operator certificate. (certificat d’exploitation)