    [Weekly Compilation of Presidential Documents Volume 40, Number 52 (Monday, December 27, 2004)]
    [Pages 3011-3012]
    [Online from the Government Publishing Office, www.gpo.gov]

    <R04>
    Memorandum on Provision of Aviation Insurance Coverage for Commercial
    Air Carrier Service in Domestic and International Operations

    December 21, 2004

     Presidential Determination No. 2005-15

    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 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.

    [[Page 3012]]

        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.
                                                    George W. Bush

     [Filed with the Office of the Federal Register, 8:45 a.m., December 23,
    2004]

    Note: This memorandum was published in the Federal Register on December
    27.