16.— (1) It shall be the general duty of the company—

(a) to conduct its affairs so as to ensure that the revenues of the company are not less than sufficient taking one year with another to—

(i) meet all charges and costs which are properly chargeable to its revenue account,

(ii) generate the capital it requires, and

(iii) remunerate its capital and pay interest on and repay its borrowings, and

(b) to conduct its business at all times in a cost-effective and efficient manner.

F10[(1A) (a) It shall be the duty of the company to provide such assistance and advice as the Minister may require it to provide for the Minister or any other person in connection with any of the Minister’s functions relating to civil aviation.

(b) A requirement under paragraph (a) may be expressed as a continuing requirement in relation to a type of assistance or advice specified in the requirement.

(c) It shall be the duty of the company to give the Minister such information as the Minister may specify and the company has or can reasonably be expected to obtain with respect to such matters relating to it or to civil aviation as the Minister may specify.

(d) It shall be the duty of the company to permit the Minister to have access to all documents which are under its control and relate to matters specified pursuant to paragraph (a), (b) or (c).

(e) The company shall be entitled to recover expenses reasonably incurred by it in providing assistance or advice to the Minister pursuant to this subsection.]

(2) Nothing in section 14 or this section shall be construed as imposing on the company, either directly or indirectly, any form of duty or liability enforceable by proceedings before any court to which it would not otherwise be subject.