(a) The applicant must have the exclusive use of at least one rotorcraft that--
(1) Was type certificated under, and meets the requirements of, part 27 or 29 of this chapter (but not necessarily with external-load-carrying attaching means installed) or of Sec. 21.25 of this chapter for the special purpose of rotorcraft external-load operations;
(2) Complies with the certification provisions in subpart D of this part that apply to the rotorcraft-load combinations for which authorization is requested; and
(3) Has a valid standard or restricted category airworthiness certificate.
(b) For the purposes of paragraph (a) of this section, a person has exclusive use of a rotorcraft if he has the sole possession, control, and use of it for flight, as owner, or has a written agreement (including arrangements for the performance of required maintenance) giving him that possession, control, and use for at least six consecutive months. [Doc. No. 15176, 42 FR 24198, May 12, 1977]