StacksVerified U.S. regulatory reference

31 CFR §801.305

Verified against eCFR.gov as of June 20, 2026View official text on eCFR.gov
No investment involving an air carrier, as defined in section 40102(a)(2) of title 49, United States Code, that holds a certificate issued under section 41102 of that title shall be a pilot program covered transaction.