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...
by AIP Online Bureau | Sep 5, 2023 | International News, Non-Life, Reinsurance
This appointment follows the continued development and expansion of TMK’s business in the Asia Pacific region, where it has operated since 2007. Other recent new hires include special risks underwriter, Cindy Gunawan, and cyber underwriter, Sam Bye Singapore: Tokio...
by AIP Online Bureau | Jul 19, 2023 | Data, Eco/Invest/Demography
The industry experts concurred that the growth in the aviation sector will in turn fuel the growth in the tourism sector, both of which were badly hit globally after the outbreak of the COVID-19 pandemic, but have shown resilience, and are recovering on the right...
