Règlement grand-ducal du 24 septembre 2001 accordant une garantie de l'Etat aux compagnies aériennes. | http://data.legilux.public.lu/eli/etat/leg/rgd/2001/09/24/n1/jo — Luxembourg law | Esheria

Règlement grand-ducal du 24 septembre 2001 accordant une garantie de l'Etat aux compagnies aériennes.

This preamble states that the Grand-Ducial regulation concerns a State guarantee for airlines.

AI-assisted research synopsis — verify against the official legal text below.

Jurisdiction
Luxembourg
Instrument
Regulation
Citation
http://data.legilux.public.lu/eli/etat/leg/rgd/2001/09/24/n1/jo
Status
In force
Version
Undated source snapshot
Language
fr
Updated
Official source
View official record ↗
air transport airlines financial guarantee guarantee insurance coverage limit state guarantee war and terrorism risk

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Statute overview

About this statute

This preamble states that the Grand-Ducial regulation concerns a State guarantee for airlines. L’Etat luxembourgeois accorde une garantie financière à Luxair et Cargolux pour certains risques liés à la guerre et au terrorisme, et renonce à tout recours si la garantie est mise en œuvre. The guarantee from Article 1 applies only to amounts where airlines cannot obtain insurance coverage and where insurance is required to keep operating; it cannot exceed USD 2 billion per claim. The guarantee starts on 25 September 2001 at 00:00 and can last for at most one month. During that period, the State waives the remuneration from the airlines for the guarantee. This article says the regulation enters into force on 25 September 2001.