by AIP Online Bureau | Apr 3, 2026 | Eco/Invest/Demography, Indian News, International News, Non-Life
The additional war risk premium stood at approximately Rs 30,00,000 per round trip for a narrow-body aircraft and Rs 90,00,000 per round trip for a wide-body aircraft for a few days but nobody had paid it, said sources New Delhi: After shooting up,because of the...
by AIP Online Bureau | Mar 29, 2026 | Eco/Invest/Demography, Indian News, Policy, Risk Management
Indian airlines’ operational costs are spiralling due to surging oil prices and airspace curbs in the wake of West Asia turmoil, involving the US, Israel and Iran, which began on February 28. New Delhi:The civil aviation ministry is exploring multiple options to...
by AIP Online Bureau | Mar 20, 2026 | Eco/Invest/Demography, Indian News, Regulation, Risk Management
Officials also said insurance premiums in the wake of the war have surged since February 28, ranging from Rs 30 lakh to up to Rs 1 crore, depending on narrow-body and wide-body aircraft.One of the officials said there is now a kind of war premium, which is about Rs...
by AIP Online Bureau | Mar 3, 2026 | Eco/Invest/Demography, International News, Non-Life, Reinsurance
Airlines have aviation war cover for their fleets, including damage to aircraft and liability, but revenue losses from operational disruption typically fall under business insurance policies that include war exclusions, leaving airlines to foot the bill, a second...
by AIP Online Bureau | Feb 9, 2026 | Indian News, Policy, Regulation, Risk Management
A total of 352 show cause notices were issued and out of them, penalties were imposed on the airlines concerned with respect to 139 notices, according to the data furnished as part of a written reply by Minister of State for Civil Aviation Murlidhar Mohol. New Delhi:...
