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Analyzes the emergent trends in aviation war risk insurance in Europe in 2005. Overview of the agreement between the members of the International Air Transport Association; Implications of the agreement for the military regulations implemented by the European Community; Impact of terrorist acts on the status of world insurance market reserves.

Comments on a research which assessed the emergent trends in aviation war risk insurance in Europe in 2005. Implications of an air transport regulation by the European Union for the status of commercial aeronautics in the region; Threats posed by terrorism to the performance of air carriers in Europe; Criticisms against the application of the Montreal Convention liability principles in the research.