SEC. 7. The first paragraph of Section 11, of Republic Act
Numbered Seven Hundred and Seventy-Six is hereby amended to read as follows:
"SEC. 11. Nature, Terms and Conditions.—Certificate
of Public Convenience and Necessity is a permit issued by the Board authorizing
a person to engage in air commerce and/or air transportation, foreign and/or
domestic. No person shall engage in air commerce unless there is in force a
permit issued by the Board."
SEC. 8. A new paragraph is hereby added after the first
paragraph of Section 11 Republic Act Numbered Seven Hundred and Seventy-Six,
which read as follows:
"No general sales agent, cargo sales agent or airfreight forwarder shall
engage in any of the activities mentioned in Section 3 paragraphs (jj), (kk),
and (ll) respectively, unless there is in force a permit or any other form of
authorization issued by the Board."
SEC. 9. Section 23 of Republic Act Numbered Seven Hundred
and Seventy-Six is hereby amended to read as follows:
"SEC. 23. Transfer of Permit.—No permit
may be transferred without the prior approval of the Board."