14.—(1) No air company or a subsidiary thereof shall establish or acquire a subsidiary without the prior written approval of the Minister given with the consent of the Minister for Finance.
(2) The aggregate at any one time of the investment of any air company or subsidiary thereof in undertakings (other than subsidiaries of that air company or subsidiary) shall not exceed such amount as may be determined from time to time by the Minister with the consent of the Minister for Finance.
(3) Borrowings by a subsidiary shall be subject to the consent of the Minister for Finance, given after consultation with the Minister and subject to such terms and conditions as the Minister for Finance thinks fit.
