AVIATION INSURANCE DEAL
October 1st, 2003
BY MARK ROWEDETAILS have emerged that reveal the impact of the political deal struck by European Union ministers over a draft regulation that sets compulsory insurance requirements for civil aviation businesses operating from or flying into and across the EU. The legislation means that, for the first time, all air carriers operating in the EU must be insured and, if they are challenged, be able to produce evidence that they can meet the minimum insurance requirements imposed by the regulation for damages sustained by third parties in the event of accidents as ...
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