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Aircraft Act, 1934 summary

A Brief History of the FAA The modern age of powered flight began in 1903 when Orville Wright made the first sustained, powered flight on December 17 in a plane he and his brother Wilbur built. This twelve-second flight led to the development of the first practical airplane in 1905 and launched worldwide efforts to build better flying machines Domestic Air Law: Aircraft Regulations Pre & Post-Aircraft Act, 1934-Aircraft Rules, 1937&Related Amendments Development of International Legal Regime:Implementation of International Air Law in India . 3 PAPER-III AVIATION LIABILITY AND LAW ON AIR TRANSPOR

The Federal Aviation Act of 1958 did away with the Civil Aeronautics Administration and established the Federal Aviation Administration (FAA). In addition, the Act transferred the authority to set aviation regulations from the Civil Aeronautics Board to the FAA. This Act grants the FAA sole responsibility for the nation's civil-military system of air navigation and air traffic control Bill Summary The Aircraft (Amendment) Bill, 2020 The Aircraft (Amendment) Bill, 2020 was introduced in Lok Sabha by the Minister of State for Civil Aviation, Mr. Hardeep Singh Puri, on February 4, 2020. The Bill seeks to amend the Aircraft Act, 1934. The Act regulates the manufacture, possession, use

CAP 1934 Summary of this consultation and how to respond July 2020 Page 7 Appendix B is a CAA-produced consolidated version of the Air Navigation Directions from the Secretary of State to the CAA Appendix C reproduces section 70 of the Transport Act 2000 which governs the way the CAA exercises its air navigation function The Aircraft Act, 1934 (Aircraft Act) and the Aircraft Rules, 1937 (Aircraft Rules): (i) regulates the manufacture, possession, use, operation, sale, and the import and export of aircraft; and (ii) stipulates the parameters for determining air worthiness, maintenance of aircraft, general conditions for flying and safety.

Amendment To The Aircraft Act, 1934 - Transport - Indi

  1. Scandal and the Air Mail Act of 1934. The Jet Age had arrived, and other airlines soon were lining up to buy the new aircraft. The Federal Aviation Act of 1958. Following World War II, air travel soared, but with the industry's growth came new problems. In 1956 two aircraft collided over the Grand Canyon, killing 128 people
  2. to pass any order or decision under this Act, but does not include the Board, Collector 3*[Commissinor (Appeals)](Appea- ls) or Appellate Tribunal; (1A) aircraft has the same meaning as in the Aircraft Act, 1934; (22 of 1934). (1B) Appellate Tribunal means the Customs, Excise and Gol
  3. Final AA. Action. The final antiaircraft action of World War II occurred at 1316 on 15 August, when a DD picket station attached to Task Group 38.3 was attacked by a lone Judy. Four destroyers were on Tomcat duty, 100 miles southeast of Honshu. The sky was completely overcast, but the target was picked up at 17 miles

A Brief History of the FA

The Air Commerce Act of 1926 created an Aeronautic Branch of the United States Department of Commerce.Its functions included testing and licensing of pilots, certification of aircraft and investigation of accidents. In 1934, the Aeronautics Branch was renamed the Bureau of Air Commerce, to reflect the growing importance of commercial flying.It was subsequently divided into two authorities: the. South African Airways was formed on 1 February 1934 following the acquisition of Union Airways by the South African government.Forty staff members, along with one de Havilland DH.60 Gypsy Moth, one de Havilland DH.80A Puss Moth, three Junkers F.13s and a leased Junkers F13 and Junkers A50 were among the acquired aircraft. Upon acquisition, the government changed the airline's name to South.

Letters sent, 1934-35. Administrative records, 1934-35. Briefs, transcripts of hearings, exhibits, and a summary of the minutes of hearings, 1934. Records relating to legislation, 1934-35. Press releases, 1934. Mail delivery survey letters, 1934. Final report, with related working papers, 1934-35. 197.5 Cartographic Records (General Interstate Commerce Act 49 App. u.s.c. § 1 et seg. (1988) The Interstate commerce Act was partially repealed and recodified in 1978. However, according to Public Law No. 95-473, § 4(c): 92 stat. 1466-1470 (1978), those portions of the old_ICA that were repealed and recodified in 1978, nevertheless remain i In 1934, under new U.S. antitrust legislation (the Air Mail Act of 1934), aircraft manufacture was required to be divorced from air transport, and a newly incorporated Boeing Airplane Company became one of the three companies to emerge from the dissolution of United Aircraft and Transport

The Corporation, therefore, has been debarred by Section 7 of the Act fiom disregarding the provisions of the Indian Aircraft Act, 1934 or the Rules made thereunder. The certificate of Air worthiness to every aircraft under the Indian Aircraft Act expressly states that the aircraft shall be flown only in accordance with the conditions for. Inter - State River Water Disputes Act 1956 ADVOCATES ACT, 1961 AIR (PREVENTION AND CONTROL OF POLLUTION) ACT, 1981 AIR FORCE ACT, 1950 AIRCRAFT ACT, 1934 Airport Authority of India Act, 1994 All India Council for Technical Education (Grant of.. Summary. Morgan Stanley valued certain aircraft in its aircraft leasing business in late 2001, late 2002, and early 2003 and certain bonds in its high-yield bond portfolio in late 2000 in a manner that violated financial reporting, recordkeeping, and internal controls provisions of the federal securities laws Aircraft Act 1934. This is an act to make better provisions for the control of the manufacture, possession, use, operation, sale, import and export of aircraft. Read the full law ». Aircraft. National Firearms Act of 1934. The first attempt at federal gun-control legislation, the National Firearms Act (NFA) only covered two specific types of guns: machine guns and short-barrel firearms, including sawed-off shotguns. It did not attempt to ban either weapon, but merely to impose a tax on any transfers of such weapons

28 employed in or in connection with the construction erection dismantling operation or maintenance of an aircraft as defined in section 2 of the Indian Aircraft Act 1934 (22 of 1934); or 29 employed in horticultural operations forestry bee keeping or framing by tractors or other contrivances driven by steam or other mechanical power or by. Securities Act, the proceeds of which were used to purchase 70 regional aircraft from Bombardier. The offering involved three tranches of securities: (1) $905 million in senior G Notes; (2) $275 million in leverage lease equity; and (3) $485 million in junior B Notes

Legal requirements to manufacture drones (Unmanned Aircrafts) in India. Manufacturing drones [also referred to as Unmanned Aircraft System (UAS) or Remotely Piloted Aircraft System (RPAS)] in India is regulated by multiple laws including: Aircraft Act, 1934, Indian Wireless Telegraphy Act, 1933, Indian Telegraph Act, 1885 and Sea Customs Act, 1878 (as adopted by the Customs Act, 1962) In February 1934, based on the commission's initial findings, Roosevelt ordered the cancellation of all airmail contracts and authorized the U.S. War Department to assist the postmaster gen-eral in delivering mail by air until a new Air Mail Act was finalized. Taking airmail away from the airlines and relegating it to th

History: Aeronautics Branch established in Department of Commerce by the Air Commerce Act of 1926 (44 Stat. 568), May 20, 1926. Redesignated Bureau of Air Commerce, July 1, 1934. Abolished by EO 7959, August 22, 1938, with functions transferred to the newly established Civil Aeronautics Authority. SEE 237.3 FY2021 National Defense Authorization Act: Context and Selected Issues for Congress Congressional Research Service 2 include in the bill a revision of Section 230 of the Communications Act of 1934 he had requested.1 The House and Senate each voted to override the veto by margins larger than the two-thirds majority required by the Constitution

In 1934, under new U.S. antitrust legislation (the Air Mail Act of 1934), aircraft manufacture was required to be divorced from air transport, and a newly incorporated Boeing Airplane Company became one of the three companies to emerge from the dissolution of Unite PART 229 - STANDARD INSTRUCTIONS FOR FILING FORMS UNDER SECURITIES ACT OF 1933, SECURITIES EXCHANGE ACT OF 1934 AND ENERGY POLICY AND CONSERVATION ACT OF 1975 - REGULATION S-K; Subpart 229.400 - Management and Certain Security Holders § 229.402 (Item 402) Executive compensation

Ranger was laid down on September 26, 1931 in Newport News, Virginia, launched on February 25, 1933, and commissioned on June 4, 1934. The Ranger is only one of three American aircraft carriers (along with Saratoga and Enterprise) built before WWII that served and survived the entire war EXECUTIVE SUMMARY Following 9/11 companies of all sizes increased their purchases of business aircraft to make travel easier and more convenient for employees and executives. CPAs should be aware of the tax, financial, operational and regulatory issues involved in acquiring and operating a business aircraft. The first step is t Neutrality Act of 1939. Digital History ID 4074. Date:1939. Annotation: Neutrality Act of 1939. Roosevelt responded to the European war by issuing a proclamation of neutrality. At the same time, he took a number of steps designed to help Britain. He pushed a fourth Neutrality Act through Congress, which permitted belligerents to purchase war. (1930-1939) The 1930s began quietly with an international treaty that extended previous agreements to reduce naval armaments. As the years passed the peace dissipated, however, and the nations moved inexorably toward another global war. In the United States, the effect of the stock market crash of October 1929 drastically slowed the expansion of naval aviation. Research and development. Summary of H.R.302 - 115th Congress (2017-2018): FAA Reauthorization Act of 201

Daring Deliveries: The U.S. Post Office and the Birth of Commercial Aviation. At the beginning of the 20 th century, dreams of flying morphed from science fiction to reality. From the Wright Brothers' early expeditions in Kitty Hawk, to the World War I fighter pilots in Europe, the airplane generated excitement around the world August 31st, on this day in History: 1934-08-31: This day in History: 1842-08-31 US Naval Observatory is authorized by an act of Congress 1850-08-31 California Pioneers organized at Montgomery & Clay Street

The Act also amended various sections of the Indian Penal Code, 1860, the Indian Evidence Act, 1872, the Banker's Book Evidence Act, 1891, and the Reserve Bank of India Act, 1934 to make them compliant with new technologies. Amendments. A major amendment was made in 2008. It introduced Section 66A which penalized sending offensive messages 1. Ratified by the Netherlands on April 28, 1938; the provisions were incorporated into Dutch legislation as Art. 770 (h-k) of the Code of Civil Procedure. Google Scholar. 2. Convention on the International Recognition of Rights in Aircraft, Geneva, June 18, 1948. Google Scholar The Washington Naval Conference, 1921-1922 Introduction. Between 1921 and 1922, the world's largest naval powers gathered in Washington, D.C. for a conference to discuss naval disarmament and ways to relieve growing tensions in East Asia. In the wake of World War I, leaders in the international community sought to prevent the possibility of another war faa reauthorization act of 2018 ralbany on LAP520R082 with PUB LAWS PDF VerDate Sep 11 2014 05:37 Aug 17, 2019 Jkt 089139 PO 00254 Frm 00001 Fmt 6579 Sfmt 6579 E:\PUBLAW\PUBL254.115 PUBL254 132 STAT. 3186 PUBLIC LAW 115-254—OCT. 5, 201 Please note: While links to Web sites outside of DOT are offered for your convenience, when you exit DOT Web sites, Federal privacy policy and Section 508 of the Rehabilitation Act (accessibility requirements) no longer apply

William Boeing founded Boeing Airplane Company in 1916 as an aircraft manufacturer. With successful releases of Boeing Aircraft models, the company transitioned into operating as an air carrier for mail. The first successful mail delivery was in 1919. By 1928 a subsidiary, United Aircraft Corp, was established to operate as a full-service airline World War II was a global war that lasted from 1939 to 1945. Rising to power in an unstable Germany, Adolf Hitler and his National Socialist (Nazi Party) rearmed the nation and signed treaties.

(a) Prohibition.— (1) I N GENERAL.—Beginning on the date that is 2 years after the date of the enactment of this Act, no Federal department or agency may operate a covered unmanned aircraft system manufactured or assembled by a covered foreign entity. (2) A PPLICABILITY TO CONTRACTED SERVICES.—The prohibition under paragraph (1) applies to any covered unmanned aircraft systems that are. Our 10-Year Summary shows consecutive years of profitability prior to the COVID-19 pandemic. Southwest Airlines One Report contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Specific forward-looking statements.

Federal Aviation Act Of 1958 - AvSto

☒ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2020 or ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to _____ Commission File No. 1-7259 SOUTHWEST AIRLINES CO 1934, passenger volume increased from less than 50,000 to almost 500,000 annually.5 Both the improvement of the safety record and lower fares contributed to this increase in passenger volume. Again, this contributed to allowing the aircraft industry to develop more planes. During the interwar years, Congress passed several pieces of legislation. An Act to consolidate and amend the law relating to the government of the Air Force. 22nd July, 1950, vide Notification No. S.R.O. 124, dated 22nd July, see Gazette of India, 1950, Part II, sec. 4. Section 1. Short title and commencement. Section 2 Part 5, Chapter 28 Summary: January 1934. On January 9, 1934, the Germans execute Marinus van der Lubbe by guillotine: Now anyone who felt the need for an ending could point to an official act of state: van der Lubbe had set the fire, and now van der Lubbe was dead (209). After a year in office, Hitler seems more diplomatic and. A. Custom built gasoline airplanes with external tanks B. Custom built mail planes with special mail pits C. Custom built commuter aircraft with passenger seating PART TWO Regulation of Air Transportation Chapter 5 The Air Carrier Industry and Federal Legislation CHAPTER SUMMARY It is a fact that the Post Office Department, through the development of airmail, was directly responsible for the.

Last Action. 2021-2022. 117th Congress. (Introduced) To prohibit the Secretary of Homeland Security from operating or procuring certain foreign-made unmanned aircraft systems, and for other purposes. [HB4682 2021 Detail] [HB4682 2021 Text] [HB4682 2021 Comments] 2021-07-26. Referred to the House Committee on Homeland Security The lawsuit was fully insured, but AWA contributed $5.1 million to the settlement due to the insolvency of one of its insurers. On March 10, 2005, the Court entered the Revised Order by U.S. District Judge Owen M. Panner granting the motion For Final Approval of Class Action Settlement and Plan of Allocation of Settlement Proceeds. the Plan of. Temporary Operator Permit An applicant for an Aircraft, Ship, Restricted Radiotelephone, Restricted Radiotelephone-Limited Use, and GMRS Radio Service may operate for 90 days under temporary authority evidenced by a properly executed certification made on FCC Form 605. This temporary authority is covered under FCC 605, Schedule F. Special Temporary Authority (STA) The Federa The MQ-25 is the U.S. Navy's first operational carrier-based unmanned aircraft and is designed to provide a much-needed refueling capability. as defined by the Securities Exchange Act of.

Video: Aviation Law 2021 Laws and Regulations India ICL

History of Aviation - First Flights - Avjobs, Inc

  1. The 7,516 reported wildlife strikes to U.S. civil aircraft in 2008 brought the 19 year total of wildlife strikes between 1990 and 2008 to 89,727
  2. s e c u r i t i e s a n d e x c h a n g e c o mmi s s i o n washington, d.c. 20549 f o r m 1 0 -k (mark one) ☒ annual report pursuant to section 13 or 15(d) of the securities exchange act of 1934
  3. SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2005 Commission file number 1-16411 NORTHROP GRUMMAN CORPORATION (Exact name of registrant as specified in its charter) DELAWARE 95-4840775 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification Number

Antiaircraft Action Summary - United States Nav

  1. UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) È ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 202
  2. SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. 0-14719 SKYWEST, INC. Incorporated under the Laws of Utah 87-0292166 (IRS Employer ID No.
  3. Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities.
  4. Textron 2019 Annual Report 1 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K [ x ] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended January 4, 202
  5. Class Period) alleging violations of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 (the Exchange Act), 15 U.S.C. §§ 78(j)(b) and 78t(a) and Rule 10b-5 promulgated thereunder by the SEC, 17 C.F.R. § 240.10b-5. 2. Throughout the Class Period, Defendants effectively put profitability and growt

Firearms Act (NFA; 26 U.S.C. §§5801 et seq.). These taxes originally were set at a level intended to slow the transfer of these weapons, although the tax has not been raised since the NFA was enacted in 1934. In addition, special occupational taxes are collected from federally licensed gun dealers who manufacture, import, or sell NFA firearms ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended January 2, 2021 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission File Number 1-5480 Textron Inc. (Exact name of registrant as specified in. Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR 230.405) or Rule 12b-2 of the Securities Exchange Act of.

United States government role in civil aviation - Wikipedi

  1. Naval battles This section is dedicated to the second world war naval battles, 1939-1945. The conflict was global on even a larger reach geographically (like the asian and pacific front) and fleets were way more balanced, naval battles and campaigns, including amphibious operations or the intensity of the battle of the Atlantic and new theaters of operations
  2. the Bureau of Air Commerce in 1934) within the Department of Commerce. This Act tasked the federal government with fostering air commerce, as well as directing the promulgation of regulations in the issuance and enforcement of air traffic rules, certification of pilots and aircraft
  3. However, in 1934, the U.S. Congress passed the Air Mail Act of 1934 which specified that no aircraft or engine manufacturer could be connected in any way to an airline. There was huge controversy about this Act, and for a time the U.S. Army was ordered to fly airmail around the United States while everything was sorted out
  4. Act of 1934 during the preceding 12 months (or such shorter period that aircraft subassemblies and electronic systems for military and commercial use and designs and summary judgment for the company on the government's allegations related to petty cash, integrated test stations, extended work week and.

South African Airways - Wikipedi

  1. Communications Act of 1934 1 COMMUNICATIONS ACT OF 1934 AN ACT To provide for the regulation of interstate and foreign communication by wire or radio, and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, TITLE I--GENERAL PROVISIONS SEC. 1. [47 U.S.C. 151.
  2. Page 1 of 3 National Transportation Safety Board Aviation Accident Data Summary Location: Marana, AZ Accident Number: LAX01LA089 Date & Time: 02/01/2001, 1934 MST Registration: N29KK Aircraft: Arthur Dragonfly Injuries: 1 Minor Flight Conducted Under: Part 91: General Aviation - Personal Analysis The airplane had a total loss of engine power and the pilot made an emergency landing
  3. (3.) The Principal Act, as amended by this Act, may be cited as the Customs Act 1901-1934. Entry of goods. 2. Section thirty-seven of the Principal Act is amended by adding at the end thereof the words and on the delivery of the entry the goods specified therein shall, for the purposes of this Act, be deemed to be entered
  4. Geneva Conference 1932-1934. The campaign for disarmament that took place between the two World Wars was one of the most substantial international non-governmental campaigns ever to have been.
  5. istrative proceeding file no. 3-18745 in the matter of united technologies corporation, respondent. order instituting cease -and-desist proceedings pursuant to section 21c of the securities exchange act of 1934, making findings, and imposing a cease - and-desist orde

Records of the Civil Aeronautics Board [CAB] National

The Air Commerce Act of 1926 established federal regulations regarding aircraft, airmen, navigational facilities and the establishment of air traffic regulations. Aircraft were required to be inspected for airworthiness, and were required to have markings placed on the outside of the aircraft for identification. Airmen were required to be tested for aeronautical knowledge and required to have. of the use of the aircraft by act of public authority. Article 6 1. Any person who would otherwise be liable under the provisions of this Convention shall not be liable for damage if he proves that the damage was caused solely through the negligence or other wrongful act or omission of the person who suffers the damage or of the latter's. 1934 The Migratory Bird Hunting and Conservation Stamp Act: Duck Stamp Act, is an early example of a federal wildlife habitat protection law. Enacted in 1934, it is the first major federal legislation to provide a fund specifically for wildlife conservation purposes. [xxix] Sport enthusiasts provide the monies through the purchase o In this Act, unless the context otherwise requires- 3[(1) adjudicating authority means any authority competent to pass any order or decision under this Act, but does not include the Board, Commissioner (Appeals) or Appellate Tribunal; (1A) aircraft has the same meaning as in the Aircraft Act, 1934 (22 of 1934)

Boeing Company Description, History, & Aircraft Britannic

Mar 23 93rd Grand National: Gerry Wilson wins aboard 8/1 Golden Miller in race record 9:20.04; becomes only horse to win both UK's premier steeplechases with Cheltenham Gold Cup victory 1934 Mar 24 U.S. Congress passes the Tydings-McDuffie Act, declaring the Philippines independent after a period of 10 year The Air Commerce Act of 1926, empowered and tasked the Secretary of Commerce with oversight authority related to: drafting and enforcing air traffic rules, licensing pilots, establishing airways, certification of aircraft and many other related variables. For this formidable task to succeed, a new Aeronautics branch of the Department of. An unprecedented global impact. The Great Depression was a historic global economic downturn that lasted through most of the 1930s. It followed the United States stock market crash in 1929 and eventually shook up numerous international markets. The onset of the depression did have an initial impact on the way several airlines were operating

Sm. Mukul Dutta Gupta And Ors. vs Indian Airlines ..

The Federal Aviation Act of 1958 (P.L. 85-726, 72 Stat. 731) created a Federal Aviation Agency (later called the Federal Aviation Administration; FAA) and empowered it to oversee and regulate safety in the airline industry and control civilian and military use of the airspace over the United States.The authority to regulate air travel and the airline industry is based on Congress's power under. Defense Authorization Act (NDAA) for Fiscal Year 2012, Public Law 112-81, requires the Secretary of Defense to submit an annual, long-term aviation plan for fixed wing and rotary wing aircraft, to include unmanned systems, for all Services and for combatant commanders that hav One hundred years ago, the federal government was not overly concerned with marijuana, the common name for the Cannabis sativa L. plant. Initially spelled marihuana, it was also known as hemp, Mary Jane, Mary Warner, and by variety of other terms. Most Americans seemed unaware of its presence, let alone its exploitation as a drug. Marihuana Tax Act of 1937 stamp required fo (g)(9)(C), is act June 27, 1952, ch. 477, 66 Stat. 163, as amended, which is classified principally to chapter 12 (§ 1101 et seq.) of Title 8, Aliens and Nationality. For complete classification of this Act to the Code, see Short Title note set out under section 1101 of Title 8 and Tables In 1968, Congress approved the Gun Control Act (P.L. 90-618), a provision of which [18 U.S.C. 925(d)(3)] is interpreted by the Bureau of Alcohol, Tobacco and Firearms (BATF) to prohibit the.

In 1934, the government of the United States accused Boeing of monopolistic practices. He broke up his company into three separate units because of the Air Mail Act. These units became the United Aircraft Company, Boeing Airplane Company, and United Airlines. When Boeing retired he concentrated on property development the owner of an aircraft who has been dispossessed of the same by an unlawful act. Article 4 (1) In case attachment is not prohibited or in case the aircraft is exempt from attachment and the operator does not invoke such exemption, an adequate bond shall prevent the precautionary attachment or give a right to immediate release Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been Item 16.Form 10-K Summary 115 SIGNATURES 117 Index. PART I Item 1. BUSINESS The Company aircraft component replacement parts for sale at lower prices than those manufactured by OEMs. These parts.