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Aviation tag returned 34 results

  • Nigeria: Aviation industry calls for insurance rule changes

    Insurance premiums cost the Nigerian aviation sector NGN13bn ($36.8m) a year currently, compared to NGN11bn in 2017, according to Airline Operators of Nigeria (AON).

    Africa | 02 Sep 2019
  • Climate change is increasing turbulence on flights

    Climate change will increase severe turbulence on flights, especially on the trans-Atlantic flights. According to a new study, 'Increased shear in the North Atlantic upper-level jet stream over the past four decades', published in the journal Nature, there is a statistically significant increase in vertical wind shear at jet-stream altitudes across the North Atlantic. Changes here can have a significant influence on aviation, since nearly 3,000 flights cross the Atlantic on an average day.

    Asia Risk | 14 Aug 2019
  • Rising seas threaten Australia's major airports

    Most of the major airports in Australia are located on reclaimed swamps. This makes them only a few metres above the present-day sea level. And the risk of sea level rise from climate change poses a greater threat to these airports than Australia is prepared for.

    Asia Risk | 05 Jun 2019
  • UAE: Locally owned airlines say it's business as usual

    All four UAE-based airlines have said that that their flights were operating normally despite a warning from the US that commercial airliners flying over the wider Arabian Gulf faced a risk of being "misidentified" amid heightened tensions between the US and Iran.

    Middle East | 20 May 2019
  • Property insurer buys majority stake in aviation insurance broker

    Shenzhen headquartered Sinosafe P&C Insurance has acquired a 55% stake in Yangzijiang Insurance Broker for CNY99m ($14.7m). The broking firm is only one of two aviation specialist brokerages in the country.

    China | 26 Apr 2019
  • April pricing highlights reinsurance market's stability and maturity: Willis Re

    Reinsurers have adopted a rational rating approach at the 1 April 2019 renewal with price increases of up to 25% targeted towards loss-affected contracts and programmes. These rate increases were balanced by flat renewals for loss-free classes and programmes, according to the latest 1st View renewals report from Willis Re.

    Asia | 01 Apr 2019
  • Airlines need to do more to fight global warming

    Airlines are not doing much in the fight to combat global warming. A study, 'Management Quality and Carbon Performance of Airlines: March 2019' funded by Transition Pathway Initiative (TPI) has said that the airline sector makes a significant and fast-growing contribution to climate change. Currently it accounts for 2% of global CO2 emissions and 12% of transport-related CO2 emissions.

    AIRPlus | 20 Mar 2019
  • Insurers to pay the price of Boeing's crashes

    Boeing's insurers face big claims from families of the victims of the Ethiopian Airlines crash, coming less than six months after the crash of the same type of Boeing aircraft (Boeing 737 MAX 8) in Indonesia, insurance and aviation sources said.

    AIRPlus | 18 Mar 2019
  • New specialty lines insurer launches with a bang

    New specialty lines insurer HDI Global Specialty commenced underwriting at the start of 2019 with premium volumes in excess of EUR1bn and is targeting growth.

    AIRPlus | 14 Jan 2019
  • Aviation: Investment in cyber security reaches $3.9bn in 2018

    While cybersecurity remains high on the agenda and is a spending priority for both airport and airline CIOs, faster progress towards implementation of concrete cyber prevention and management initiatives remains a challenge, according to new research from the global air transport IT provider SITA.

    Asia Risk | 12 Dec 2018

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