Memorandum: Provision of Aviation Insurance Coverage for Commercial Air Carrier Service in Domestic and International Operations August 21 2009

THE WHITE HOUSE - Office of the Press Secretary

For Immediate Release: August 21, 2009

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., I hereby:

1. 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.

2. Approve provision by the Secretary of Transportation 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, 2010, when he 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.

You are directed to bring this determination immediately to the attention of all air carriers within the meaning of 49 U.S.C. 40102(a)(2), and to arrange for its publication in the Federal Register.

BARACK OBAMA

Review the full list of President Obama's Memorandum here.


Like what you found here?
Help get the message out! Share the list with your friends on FaceBook!

Share this post with your followers on Twitter.

Join the conversation and post your thoughts in the comments!

1461 is currently being read over 47,000 in over 108 country's and spreading! Help spread the 1461!