Section 42
Airport licensee not to carry on non-airport business
of Civil Aviation Authority of Singapore Act 2009
ActIn forceProvision 44 of 126
Section 42
(1)
Except with the prior approval of the Authority, an airport licensee for an airport must not carry on substantial trading or financial activities other than —
(a)
activities relating to the operation of the airport;
(b)
activities incidental to the operation of the airport; and
(c)
activities that are consistent with the lease for the airport site and the master plan for that airport.
(2)
Subsection (1) does not apply to a person who acquires the lease for an airport site by way of the enforcement of a loan security.
(3)
A contravention of this section does not affect the validity of any transaction.