US flight departures began resuming early Wednesday after an overnight outage to a key air-traffic system prompted authorities to ground planes nationwide. The Federal Aviation Administration said normal air traffic operations were gradually returning as it lifted the ground stop …
The family of a Washington man who was fatally injured while he was working on a seat belt air bag replacement that inflated explosively is suing Boeing Co. and a supplier. The lawsuit filed last week in King County Superior …
ACE Group has signed a partnership agreement with Transavia to provide the airline’s customers with travel and flight cancellation insurance cover. Transavia, based in The Netherlands, is a member of the Air France KLM Group, and provides scheduled and charter …
Japan’s All Nippon Airways said on Monday it grounded part of its fleet of 787 Dreamliners after tests revealed a risk of engine corrosion, but Boeing Co, the aircraft’s manufacturer, said it does not expect the timing of deliveries of …
The airline and aviation manufacturing insurance markets turned a profit in 2011 “following one of the safest years in recent times in terms of numbers of losses and passenger fatalities,” according to a review from Willis Aerospace, a unit of …
MAPFRE GLOBAL RISKS, a subsidiary of Spain’s MAPFRE, which specializes in underwriting large risks, announced that for the next there years it will insure the aviation risks in the insurance programs of Iberia, Vueling, Air Nostrum and the newly created …
Joe Plumeri, Willis Group Holdings Chairman and CEO, told attendees at the Willis Asia Pacific Aviation Insurance Conference in Hong Kong that air travel in Asia Pacific is set to significantly surpass that of North America and Europe in the …
An analysis from Willis Group Holdings concludes that “despite ongoing global economic challenges, the airline industry continues to project a positive picture, with loss levels at a six-year low and insurance premiums trending on a downward slope. Willis’ Airline Insight …
Aon Risk Solutions, the risk management business of Aon Corp., has released the latest edition of its aviation data report –”Airline Insurance Market Indicators 2011/12,” which concludes that “as the frenetic renewal season in the aviation insurance market starts, premium …
The airline industry had a “relatively turbulent free start to the third quarter, with losses hitting a five-year low of $794 million,” according to the latest report from the Aerospace division of Willis Group Holdings. . The company’s monthly Airline …
