[Federal Register Volume 69, Number 247 (Monday, December 27, 2004)]
[Presidential Documents]
[Page 77607]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 04-28405]


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  Federal Register / Vol. 69, No. 247 / Monday, December 27, 2004 / 
Presidential Documents  

[[Page 77607]]


                Presidential Determination No. 2005-15 of December 21, 
                2004

                
 Provision of Aviation Insurance Coverage for 
                Commercial Air Carrier Service in Domestic and 
                International Operations

                Memorandum for the Secretary of Transportation

                By the authority vested in me by 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.:

(a)

 until August 31, 2005;

(b)

 after August 31, 2005, but no later than December 31, 2005, 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; and

                3. delegate to the Secretary of Transportation the 
                authority, vested in me by 49 U.S.C. 44306(c), to 
                extend this determination for additional periods beyond 
                August 31, 2005, but no later than December 31, 2005, 
                when he 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.

                    (Presidential Sig.)B

                THE WHITE HOUSE,

                    Washington, December 21, 2004.

[FR Doc. 04-28405
Filed 21-23-04; 8:45 am]
Billing code 4910-62-P