For Immediate Release
Office of the Press Secretary
December 21, 2006
Memorandum for the Secretary of Transportation
SUBJECT: Provision of Aviation Insurance Coverage for Commercial Air Carrier Service in Domestic and International Operations
By the authority vested in me as President by the Constitution and laws
of the United States, including 49 U.S.C. 44302, et seq., and 3 U.S.C.
301, I hereby:
determine that continuation of U.S.-flag commercial air service is
necessary in the interest of air commerce, national security, and the
foreign policy of the United States;
approve provision by the Secretary of Transportation (Secretary) of
insurance or reinsurance to U.S.-flag air carriers against loss or
damage arising out of any risk from the operation of an aircraft in the
manner and to the extent provided in Chapter 443 of 49 U.S.C.:
until August 31, 2007;
after August 31, 2007, but no later than December 31, 2007,
when the Secretary determines that such insurance or reinsurance cannot
be obtained on reasonable terms and conditions from any company
authorized to conduct an insurance business in a State of the United
States;
and
delegate to the Secretary the authority vested in me by 49 U.S.C.
44306(c) to extend this determination for additional periods beyond
August 31, 2007, but no later than December 31, 2007, when the Secretary
finds that the continued operation of aircraft to be insured or
reinsured is necessary in the interest of air commerce or the national
security, or to carry out the foreign policy of the United States
Government.
You are directed to bring this determination immediately to the
attention of all air carriers within the meaning of 49 U.S.C. 40102(2),
and to arrange for its publication in the Federal Register.