[Federal Register Volume 73, Number 6 (Wednesday, January 9, 2008)]
[Presidential Documents]
[Pages 1813-1814]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 08-75]



[[Page 1811]]

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Part V





The President





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Memorandum of December 27, 2007--Provision of Aviation Insurance 
Coverage for Commercial Air Carrier Service in Domestic and 
International Operations
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  Federal Register / Vol. 73, No. 6 / Wednesday, January 9, 2008 / 
Presidential Documents  

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 Title 3--
 The President

[[Page 1813]]

                Memorandum of December 27, 2007

                
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 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 
                (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.:

(a) until August 31, 2008;

(b) after August 31, 2008, but no later than December 31, 2008, 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

                3. 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, 2008, but no 
                later than December 31, 2008, 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.

[[Page 1814]]

                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.)

                THE WHITE HOUSE,

                    Washington, December 27, 2007.

[FR Doc. 08-75
Filed 1-8-08; 11:15 am]
Billing code 4910-62-P