by AIP Online Bureau | Jan 29, 2025 | International News, Non-Life, Reinsurance
The Airbus A321 jet caught fire near the cabin’s back seats, Korea’s transport ministry said A fire broke out on a plane operated by Air Busan Co. at a local airport in South Korea late Tuesday, with everyone on board evacuated. Flight BX391, departing from Gimhae...
by AIP Online Bureau | Jan 22, 2025 | International News, Regulation, Risk Management
Runway end safety areas at nine airports will be lengthened to 240 meters (787 feet), or the structure holding the so-called localizer — an instrument used to guide landing plane — will be changed to an easily breakable material, Korea’s transport ministry said in a...
by AIP Online Bureau | Jan 10, 2025 | International News, Non-Life, Reinsurance, Risk Management
Authorities have suggested a bird strike contributed to the accident, but as part of their probe into the incident aboard Boeing 737-800, police have raided the airlines’ Seoul office to seize documents related to the operation and maintenance of the plane Before it...
by AIP Online Bureau | Jan 2, 2025 | International News, Non-Life, Reinsurance, Risk Management, Technology
The spike in fatalities marks a reversal from 2023, which became the safest year ever in aviation with no deaths among large passenger jetliners — typically planes made by Airbus SE and Boeing. Commercial aviation has suffered its deadliest year since 2018 after the...
by AIP Online Bureau | Dec 30, 2024 | International News, Non-Life, Reinsurance
The aviation insurance industry could be looking at a claim for about $15-$20 million under the airline hull insurance policy, and total passenger liability claims of $120-$180 million due to the crash, according to Marcos Alvarez, managing director of global...
