by AIP Online Bureau | May 22, 2025 | International News, Non-Life, Reinsurance
That brought SMBC’s total recoveries from claims following the sanctions over Moscow’s war in Ukraine to $1.41 billion. It was one of six lessors that ended an Irish lawsuit against their insurers last month following a series of settlements Dublin: Aircraft lessor...
by AIP Online Bureau | Apr 13, 2025 | Eco/Invest/Demography, Indian News, Non-Life, Risk Management, Technology
Coming under the civil aviation ministry, AAIB is responsible for classification of safety occurrences involving aircraft operating in the Indian airspace into accidents, serious incidents, and incidents New Delhi: Aircraft Accident Investigation Bureau (AAIB) plans...
by AIP Online Bureau | Mar 30, 2025 | Eco/Invest/Demography, Indian News, Non-Life, Reinsurance
India had 340 aircraft in 2014 and that number has increased to 840 and airlines have placed orders for 1,700 planes. “We are bringing a law to ratify Capetown Convention which will reduce the leasing costs by 8-10 per cent. The reduction in leasing costs will...
by AIP Online Bureau | May 24, 2024 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management, Technology
Under the Montreal Convention, Singapore Airlines is liable for accidents, which can include turbulence, on international flights regardless of whether the airline was negligent, according to U.S. aviation lawyers Allianz is the lead insurer for the Singapore Airlines...
by AIP Online Bureau | Jan 26, 2024 | International News, Risk Management, Technology
GPS interference “can pose significant challenges to aviation safety,” and requires that airlines increase data-sharing on jamming and spoofing events, European Union Aviation Safety Agency(EASA) and International Air Transport Association (IATA) said in a...
