This document describes the principles of the risk management plan that is followed by AERO. Additionally, it reports the risks of the projects that were initially described in the DoA together with new risks that have been identified during the first year of the project. For every registered risk, this deliverable presents the assessment of the impact that it may have on the project and any possible mitigation plans to mitigate it. Risk assessment is a continuous iterative process that involves all AERO partners. This document is a snapshot of that process.