Air Traffic and Navigation Services Company Act, 1993 (Act No. 45 of 1993)5. Functions of company |
| (1) | The functions of the company shall be to achieve its objects with the means at its disposal. |
| (2) | The company shall— |
| (a) | not have any financial interest, direct or indirect, in the provision of any air service as defined in section 1 of the Air Services Licensing Act, 1990 (Act No. 115 of 1990), or in section 1 of the International Air Services Act, 1949 (Act No. 51 of 1949); |
| (b) | not unduly discriminate against or among various users or categories of users of any air navigation infrastructure or air traffic services; |
| (c) | conduct its business in such a manner that the national interest is not jeopardized; |
| (d) | conduct its business in such a manner as to ensure that the company does not engage in any restrictive practice as defined in section 1 of the Maintenance and Promotion of Competition Act, 1979 (Act No. 96 of 1979); |
| (e) | [Section 5(2)(e) deleted by section 3(5) of Schedule 1: Consequential Amendments of the Economic Regulation of Transport Act, 2024, Notice No. 4958, GG50799 dated 11 June 2024] |
| (f) | [Section 5(2)(f) deleted by section 3(5) of Schedule 1: Consequential Amendments of the Economic Regulation of Transport Act, 2024, Notice No. 4958, GG50799 dated 11 June 2024] |
| (3) | The company may, in order to perform its functions or attain any of its objects, raise money from time to time with the approval of the Shareholding Minister and the Minister of Finance by way of loans from any source. |