If you operate within, into, out of, or over the territory of an E.U. Member State, including its territorial waters, you will be affected by E.U. Regulation 785/2004 on insurance requirements for air carriers and aircraft operators. This Regulation becomes effective April 29, 2005, and is intended to ensure minimum levels of insurance for air carrier liability with respect to passengers, baggage, cargo and third parties. The Regulation specifies minimum insurance limits, based on aircraft weight and seating. The greatest challenge presented by this Regulation will likely be the war risk insurance provisions, especially in this post-9/11 era.
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New European Union Regulation Requiring Increased Air Carrier Liability Insurance
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Greg Reigel
Greg has more than two decades of experience working with airlines, charter companies, fixed base operators, airports, repair stations, pilots, mechanics, and other aviation businesses in aircraft purchase and sale transactions, regulatory compliance including hazmat and drug and alcohol testing, contract negotiation, airport grant assurances, airport leasing, aircraft related agreements, wet leasing, dry leasing, FAA certificate and civil penalty actions and general aviation and business law matters.
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