Latest Aviation Headlines
All the headlines from our Aviation Topic Page, ordered by recency.
Aon Survey Finds Aerospace Insurance Market Approached Parity in 2008
Mar 25 2009 // Aon’s newly launched “Aerospace Insurance Market Outlook 2009” initially determined that the “average lead premium in the aerospace insurance market continued to decline during 2008, but...
Lloyd’s Finance Director Sees ‘Flight to Quality’
Mar 25 2009 // Luke Savage, Lloyd’s of London’s finance director (among other titles), is certainly aware that 2008 was a “tough year,” as he put it in a telephone interview. Lloyd’s profits dropped by 50...
Continental Airlines Flight Crashes in Upstate New York
Feb 13 2009 // A Continental Airlines flight out of Newark, New Jersey crashed late last night into a house in Buffalo, New York — bursting into flames and killing 44 passengers, four crew members and one person on the ground,...
New Mexico Aims to Limit Liability from Space Flights
Feb 11 2009 // The New Mexico Legislature is hoping to limit lawsuits stemming from southern New Mexico’s Spaceport America. Senate Bill 37, the “Space Flight Liability and Immunity Act” sponsored by Sen. Clinton...
California’s W. Brown to Underwrite Aviation Insurance For Catlin US
Feb 5 2009 // Catlin Group Ltd., an international specialty property/casualty insurer and reinsurer, reported that W. Brown & Associates Insurance Services will underwrite general aviation insurance for clients nationwide on behalf...
Pole-to-pole Flight Finds CO2 ‘Piling Up’ over the Arctic
Jan 30 2009 // Scientists who flew a modified corporate jet from pole to pole to study how greenhouse gases move found carbon dioxide piling up over the Arctic, but also higher than expected levels of oxygen over the Antarctic. The...
Storm Batters SW France, Northern Spain, Causing 15 Deaths
Jan 26 2009 // The most violent cyclonic storm since 1999 roared across southwest France and Northern Spain over the weekend, causing the deaths of 15 people and inflicting heavy damages on infrastructure. Four children aged from nine to...
Savvy US Airways Pilot May Have Grounded Lawsuits
Jan 23 2009 // A savvy pilot saved at least 155 lives when he guided a disabled US Airways jet to a relatively gentle landing in the Hudson River last week. He also may have protected his airline from the rash of lawsuits that usually...
AIG Is Lead Insurer on Airplane Downed in Hudson River
Jan 16 2009 // American International Group Inc. said Friday it was the lead insurer on the US Airways passenger jet that went down in Manhattan’s Hudson River on Thursday. An AIG spokesman, John Jones, said he could not provide...
Insurance Industry Sees Commercial Airlines as Safe
Jan 16 2009 // With the world’s attention focused on the US Airways Airbus emergency landing in the Hudson River and the successful rescue of passengers, the insurance industry points out that the commercial airlines industry has a...
AIG Gets Bids for Aircraft Leasing Unit; Shops Asset Manager
Jan 13 2009 // American International Group Inc., moving ahead with asset sales, has received the first round of bids for its aircraft leasing unit, and is expected to start shopping its asset management business soon, people familiar...
People
Jan 11 2009 // National managing general agent Burns & Wilcox has promoted Anthony Cugini to manager of the company’s Houston office. He is responsible for increasing sales across all product lines, including professional...
Willis Sees Hardening in Airline Insurance Market
Dec 17 2008 // Willis Group Holdings has said that it “expects aviation insurance prices to rise and the insurance market to harden further through the end of 2008 and into 2009,” according to the latest report issued by the...
Donnell to Retire from Hallmark Financial Services Aviation Division
Dec 17 2008 // Fort Worth, Texas-based Hallmark Financial Services Inc. (Hallmark) reported that Curtis Donnell, president and CEO of its general aviation division, Aerospace Insurance Managers, has announced his retirement effective...
Insiders Say AIG Slashing Prices to Win Business in Moves That May Burn Rivals, Taxpayers
Dec 11 2008 // American International Group Inc. is cutting prices to win new business and boost market share, competitors and others in the industry say, but taxpayers could again be stuck with the tab. Since a U.S. government bailout,...
Texas Air Traffic Controller Files Claim Against FAA
Nov 19 2008 // An air traffic controller who told authorities that the Federal Aviation Administration covered up safety issues at Dallas-Fort Worth International Airport has filed a discrimination claim charging the agency with refusing...
Aviator Group Names NationAir as Preferred Insurance Provider
Nov 11 2008 // NationAir Aviation Insurance recently announced that it has been named the preferred aviation insurance provider for the Cirrus Owners and Pilots Association (COPA). Through the preferred broker relationship, NationAir...
AIG’s Aircraft Leasing Unit Approved for Federal Funding Facility
Nov 3 2008 // American International Group Inc.’s aircraft leasing unit has been approved to participate in the U.S. Federal Reserve’s commercial paper funding facility. International Lease Finance Corp, in a filing with the...
Dallas-Based Apex Global Expands Aviation Division into South Carolina
Oct 13 2008 // Dallas, Texas-based Apex Global Partners opened a new aviation insurance office in Charleston, S.C. and appointed Paul Gingrich as vice president in its aviation division. Apex Global Aviation Services provides insurance...
Travelers Aviation Adds New Coverages, Risk Control Services
Oct 7 2008 // As the use of corporate and general aviation aircraft increases, Travelers (NYSE: TRV) Aviation is expanding its insurance products and services with new aviation coverage offerings including non-owned aircraft liability...
