Provision of Aviation Insurance Coverage for Commercial Air Carrier Service in Domestic and International Operations, 60035 [2012-24377]

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• Executive Office of the President

[Federal Register Volume 77, Number 191 (Tuesday, October 2, 2012)]
[Presidential Documents]
[Page 60035]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2012-24377]




                        Presidential Documents 



Federal Register / Vol. 77, No. 191 / Tuesday, October 2, 2012 / 
Presidential Documents

[[Page 60035]]


                Memorandum of September 27, 2012

                
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 the laws of the United States, 
                including 49 U.S.C. 44301-44310, I hereby:
                    1. Determine that the continuation of U.S. air 
                transportation 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.-
                certificated 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 title 49, U.S. Code, until September 30, 
                2013, if he determines that such insurance or 
                reinsurance cannot be obtained on reasonable terms from 
                any company authorized to conduct an insurance business 
                in a State of the United States.
                    3. Delegate to the Secretary of Transportation the 
                authority, vested in me by 49 U.S.C. 44306(c), to 
                extend this approval and determination beyond September 
                30, 2013, to December 31, 2013, if he finds that the 
                continued operation of aircraft to be insured or 
                reinsured is necessary in the interest of air commerce 
                or national security or to carry out the foreign policy 
                of the United States Government, if he also determines 
                that such insurance or reinsurance cannot be obtained 
                on reasonable terms from any company authorized to 
                conduct an insurance business in a State of the United 
                States.
                    You are directed to bring this determination 
                immediately to the attention of all air carriers, as 
                defined in 49 U.S.C. 40102(a)(2), and to arrange for 
                its publication in the Federal Register.
                
                
                    (Presidential Sig.)

                THE WHITE HOUSE,

                    Washington, September 27, 2012

[FR Doc. 2012-24377
Filed 10-1-12; 8:45 am]
Billing code 3295-F3-P