Transport written question – answered at on 4 July 2005.
To ask the Secretary of State for Transport what assessment he has made of the effect of regulations on the costs of insurance for classic aircraft.
The coming into force earlier this year of EU Regulation 785/2004 obliged almost all UK operators of non-commercial aircraft to meet minimum requirements for passenger and third party insurance. In some cases aircraft operators have had to raise their level of cover, which has resulted in an increase in premium. We are aware of only one case where this has caused difficulty in relation to classic aircraft, but through the efforts of the' insurance industry and a commercial sponsor, this problem has been resolved. The European Commission is aware of the difficulties faced by some owners of classic aircraft and has agreed to consider an amendment to the Regulation.
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