War Risk Insurance Extended in 2014 for Airlines by Obama
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U.S. government insurance that guarantees airlines are covered against terrorism and war was extended for four carriers, including Virgin America Inc., that otherwise would have lost coverage at the end of the year.
President Barack Obama extended the insurance for as long as one year while on vacation in Hawaii, according to the order distributed by e-mail. The companies covered also include Oracle Corp. founder Larry Ellison’s Island Air, an intra-Hawaii carrier based in Honolulu.