Artikel 4

1. Either Party may withhold, revoke, suspend, limit or impose conditions on the operating authorization or technical permissions of an Airline designated by the other Party where:
a) in the case of an Airline designated by Iceland: i) the Airline is not established in the Territory of Iceland in accordance with the Agreement on the European Economic Area, or the Airline does not have a valid Operating License in accordance with national law adopted in accordance with the Agreement on the European Economic Area; or
ii) effective regulatory control of the Airline is not exercised or not maintained by the Member State of the European Economic Area responsible for issuing its Air Operator’s Certificate, or the relevant Aeronautical Authority is not clearly identified in the designation; or
iii) the Airline is not owned or shall not continue to be owned, directly or through majority ownership, by Member States of the European Economic Area and/or Nationals of Member States of the European Economic Area or are not at all times effectively controlled by such states and/or Nationals;
i) the Airline is not established in the Territory of Iceland in accordance with the Agreement on the European Economic Area, or the Airline does not have a valid Operating License in accordance with national law adopted in accordance with the Agreement on the European Economic Area; or
ii) effective regulatory control of the Airline is not exercised or not maintained by the Member State of the European Economic Area responsible for issuing its Air Operator’s Certificate, or the relevant Aeronautical Authority is not clearly identified in the designation; or
iii) the Airline is not owned or shall not continue to be owned, directly or through majority ownership, by Member States of the European Economic Area and/or Nationals of Member States of the European Economic Area or are not at all times effectively controlled by such states and/or Nationals;
b) in the case of an Airline designated by Curaçao: i) the Airline is not established in the Territory of Curaçao or the Airline does not have a valid Operating License in accordance with the applicable laws and regulations of Curaçao; or
ii) effective regulatory control of the Airline is not exercised or not maintained by Curaçao or the Aeronautical Authority of Curaçao is not clearly identified in the designation; or
iii) the Airline is not owned or shall not continue to be owned, directly or through majority ownership, by Curaçao and/or Nationals of Curaçao or the Airline is not, at all times, effectively controlled by Curaçao and/or its Nationals;
i) the Airline is not established in the Territory of Curaçao or the Airline does not have a valid Operating License in accordance with the applicable laws and regulations of Curaçao; or
ii) effective regulatory control of the Airline is not exercised or not maintained by Curaçao or the Aeronautical Authority of Curaçao is not clearly identified in the designation; or
iii) the Airline is not owned or shall not continue to be owned, directly or through majority ownership, by Curaçao and/or Nationals of Curaçao or the Airline is not, at all times, effectively controlled by Curaçao and/or its Nationals;
c) the Designated Airline is not qualified to meet the conditions prescribed under the laws and regulations normally applied to the operation of International Air Services by the Party considering the application or applications; or
d) the Designated Airline is not maintaining and not administering the provisions set forth in Article 13 (Safety) and Article 14 (Aviation Security) of this Agreement.
2. Unless immediate revocation or suspension of the operating authorization or technical permission mentioned in paragraph 1 of this Article, or imposition of the conditions therein, is essential to prevent further infringements of laws and regulations, such right shall be exercised only after consultations with the other Party.
3. This Article does not limit the rights of either Party to withhold, revoke, suspend, limit or impose conditions on the operating authorization or technical permission of an Airline or Airlines of the other Party in accordance with the provisions of Article 13 (Safety) and Article 14 (Aviation Security) of this Agreement.