Political Agreement on EU Mandatory Insurance Proposals

When we reported on this proposed legislation in our Autumn issue of BLG Aerospace News, the European Commission had just put forward a revised proposal in respect of which serious questions arose as to whether it would achieve its apparent goal. Political agreement has, however, now been reached.

Since our last issue a proposal has been put forward to the Transport Council for political agreement which has made considerable progress. In early October, the Permanent Representatives Committee published the draft for consideration at the 9 October Council meeting; as we go to press the outcome of that meeting has yet to be published. Nevertheless, the draft now under consideration is a more coherent and internally consistent measure, albeit with some issues concerning compliance.