Common use of Regulatory Environment Clause in Contracts

Regulatory Environment. The statements in the Prospectus under the headings “Risk Factors—Risks Related to Our Business—We are subject to FAA regulation and similar international regulation, and our failure to comply with these regulations, or the adoption of any new laws, policies, or regulations, may have a material adverse effect on our business”, “Business—Regulation” and “Business—Safety” fairly summarize the matters therein described.