These regulations effectively state that if the flight is performed by a European Community Air Carrier, the Montreal Convention provisions apply. These provisions also apply to carriage by air within a single EU Member State.
The 2027/2002 regulation deals with advance payments in more detail than the Montreal Convention. It provides that the Community Air Carrier will make an advance payment within 15 days of identifying the person entitled to compensation. In the event of death it provides that the advance payment shall not be less than 16,000 special drawing rights. For an injured passenger, the advance payment should be as may be required to meet immediate economic needs on a basis proportional to the hardship suffered.
Special drawing rights are international foreign exchange reserve assets. You can find out more about them, and the current value of one special drawing right, on the IMF website, however we will explain this fully to you as part of your claim with us.
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