Air Transportation Safety and System Stabilization Act Law and Legal Definition

The Air Transportation Safety and System Stabilization Act (Act) is a federal legislation compensating air carriers for losses incurred by air carriers as a result of terrorist attacks on the U.S. that occurred on September 11, 2001. The Act is codified in 49 USCS prec § 40101. An air carrier under the Act means a citizen of the U.S. undertaking by any means, directly or indirectly, to provide air transportation and includes employees and agents of such citizen. The Act also facilitates financing the airline industry for improving airline safety and security and thus helps in restoring public confidence in the airline industry. The Act also urges the Secretary of Transportation to take appropriate action to ensure the continuation of scheduled air service to all communities.