[Federal Register: December 27, 2004 (Volume 69, Number 247)]
[Presidential Documents]
[Page 77607]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr27de04-124]



                        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