airlines News

Washington Worker’s Family Sues Over Fatal Boeing 777 Air Bag

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 Forms Travel Insurance Partnership with Transavia Airlines

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 Grounds Dreamliners, Citing Engine Corrosion Risk

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 …

Willis Review Sees Better Times Ahead for Aviation Industry

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 to Insure Iberia, Other Airlines for 3 Years

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 …

Willis Chief on Non-Traditional Risks Facing Airlines; Asia-Pacific Growth

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 …

Willis Report Concludes Airline Industry is Buyers’ Market

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’s Study of Airline Insurance Industry Finds Divergent Trends

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 …

Willis’ Report Finds Airline Industry Losses Hit 5-Year Low

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 …

Willis Report Notes Stable Market for Airlines, but Questions Sustainability

Willis’ monthly airline insurance insight report indicates that “the insurance market has remained remarkably stable for airlines, with no change in the drivers of capacity and claims. “The experience of 2011 continues to demonstrate the uncertain nature of airline insurance, …