An aircraft dry lease is a contract whereby 2 parties agree that one can lease an aircraft from the other. The dry lease CANNOT result in any profit for the aircraft owner, the reason behind this is simple: If you provide an aircraft service in exchange for profit then you […]
Aircraft Insurance
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For the past year we have been transitioning into the hard market for aviation insurance. The transition has been very tough both on aircraft operators (rate increases, less coverage options) and aviation insurance underwriters (several company closures with layoffs). Purely based on experience during the last hard market in 2002, […]
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Insurance rates for aircraft maintenance companies are based on 4 main factors: What type of maintenance is done: If the company is overhauling engines, then the insurance is much higher than if they are performing routine maintenance and sending specialty overhauls to specialty shops. How much revenue. The revenue is […]
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It has now been more than 3 months since the 737 Max grounding by aeronautical authorities around the world. Here is a breakdown of our estimated insurance claim on Boeing’s Products Liability policy and its Grounding Liability Coverage: Average flights per aircraft per day: 5 Average passenger seating: 150 Average […]
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US aviation insurers continue to offer a maximum per-seat limit for reciprocating engined aircraft of $100,000. As the market has hardened this year there are fewer higher limit options available for consumers therefore more are being forced to accept this limit. The standard $100,000 per seat limit has gone unchanged […]
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The 737 Max saga continues. The media has been merciless with the manufacturer, articles such as this one are clearly biased against Boeing: https://www.bbc.com/news/business-47812225 Are they wrong about Boeing’s role in the 2 tragedies? Not entirerly. However perspective needs to be included if you are making a fair report. Why […]