Air India’s crash has triggered what industry experts predict will become India’s costliest aviation insurance claim, with potential liabilities exceeding Rs 1,000 crore!
Aircraft insurance
AerCap (AER), the world’s largest aircraft leasing company, has secured the right to claim over $1 billion in insurance for aircraft stranded in Russia.
Industry insiders suggest airlines may face a doubling of insurance premiums due to recent war-related losses, leaving them with no choice but to pay higher costs to protect against future damages.