[Federal Register Volume 69, Number 22 (Tuesday, February 3, 2004)]
[Notices]
[Pages 5236-5237]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 04-2203]


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DEPARTMENT OF TRANSPORTATION

Federal Aviation Commission


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

AGENCY: Federal Aviation Administration, DOT.

ACTION: Notice.

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SUMMARY: Notice is hereby given that the President has authorized the 
Federal Aviation Administration to replace the current practice of 
renewing U.S. Department of Transportation (DOT) and Federal Aviation 
Administration (FAA) war risk aviation insurance policies at 60-day 
intervals and substitute a longer extension of policies, until August 
31, 2004.

FOR FURTHER INFORMATION CONTACT: John Rodgers, Director, APO-1, Federal 
Aviation Administration, 800 Independence Ave., SW., Washington, DC 
20591, telephone 202-267-3274.

[[Page 5237]]


SUPPLEMENTARY INFORMATION: Since September of 2001, DOT/FAA have 
provided aviation war risk insurance and renewed the coverage in 60-day 
increments. By statute, DOT/FAA must continue to provide this insurance 
coverage until August 31, 2004. From a purely administrative 
perspective, the exchange of renewal documentation every 60 days with 
approximately 75 insured airlines and a large number of finance and 
leasing companies increases the chance for errors and omissions. 
Extending the duration until August 31, 2004 will eliminate excessive 
paper work and time pressure for all concerned.
    Affected Public: Air Carriers who currently have Third Party War-
Risk Insurance with the Federal Aviation Administration.
    The text of the Memorandum from the President to the Secretary of 
Transportation is set forth below.

    Issued in Washington, DC on January 16, 2004.
John Rodgers,
Director, Office of Aviation Policy and Plans.

Memorandum for the Secretary of Transportation

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

Title 3--Presidential Determination No. 2004-13 of December 11, 2003

    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, 2004;
    (b) After August 31, 2004, but no later than December 31, 2004, 
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, 2004, but no later than 
December 31, 2004, 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.

George W. Bush

[FR Doc. 04-2203 Filed 2-2-04; 8:45 am]
BILLING CODE 4910-13-M