by AIP Online Bureau | Jul 31, 2024 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management
Analysis of more than 32,000 industry claims from 2019 – 2024 with a total value of US$15bn (€14bn) shows that collision or crash incidents (63%) and faulty workmanship or defective products (22%) are accountable for 85% of the value. Other incidents like...
by AIP Online Bureau | Jul 22, 2024 | Eco/Invest/Demography, Indian News, Non-Life, Policy
“The aviation industry in India is on the cusp of unprecedented growth, with a strong order book of more than 1500 aircraft placed by Indian airlines and a projected demand for over 2,200 aircraft by 2042,” it said. For India to take a leadership position...
by AIP Online Bureau | Feb 28, 2024 | Eco/Invest/Demography, International News, Risk Management
“The previous supply concept was probably ‘just in time’; I order when I need it. This is over. We have to carry more resiliency than ever in terms of our operations, including a higher level of standby aircraft and crew.That’s one of the costs...
by AIP Online Bureau | Oct 14, 2023 | International News, Non-Life, Policy, Reinsurance
The guarantee framework will grant Israeli airlines insurance policies against war risks, thereby ensuring the continuity of air operations in Israel Israel’s parliamentary finance committee approved a plan to provide a state guarantee of $6 billion to cover insurance...
by AIP Online Bureau | Sep 21, 2023 | International News, Risk Management, Technology
Aviation regulators have said AOG supplied an unknown number of jet engine spare parts backed by falsified airworthiness documentation, kicking off a worldwide effort by the industry to hunt down more components. The widening scandal has shaken an industry where...
