THE EUROPEAN Commission today (Tuesday) announced proposed new legislation to bring in compulsory minimum insurance requirements for all air carriers and aircraft operators flying within, into, out of or overflying the European Union. It is also considering the merits of creating a mutual fund in the probable event that governments decided against maintaining the current state guarantees after the end of October this year.

The package essentially incorporates in EU law the main rules foreseen in various international conventions and ...

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