| |
|
|
|
|
| NEWS |
|
 Aircraft & Manufacturers
|
|
The Pratt & Whitney PurePower® PW1200G engine successfully completed its first flight on April 30, . ... |
| |
Bombardier Inc.’s (BBD/B) large and mid-sized jets are leading a recovery in business aircraft ... |
| |
Boeing announced today a new winglet design concept for the 737 MAX. The new Advanced Technology ... |
| |
|
|
|
|
Airlines business
|
|
Japan Airlines international cargo was off 40 percent for fiscal 2011 |
| |
International Lease Finance Corporation (ILFC), a wholly owned subsidiary of American International ... |
| |
Today – May 3rd , The Finnish Airlines ( FINNAIR) has officially announce its presence in Vietnam. |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Capital & Insurance
|
|
| Friday, 19/05/2012, 17:58:27 PM | | | | PVI signed Aviation Insurance contracts almost 200 million USD with NSFC and SSFC | | |  Comment |  Send To E-mail |  Print | | | | On Aril 28th 2010, at the headquarters of Service Flight Corporation of Vietnam (SFC), PVI signed the aviation insurance contract 2010-2011 with Nothern Service Flight Company (NSFC) and Southern Service Flight Company (SSFC). The limit of liability of the contracts for both fleets and air-crew is up to almost 200 million USD.
Subject to the contracts, PVI is the leading insurer and Baoviet is the co-insurer on the basis of 60/40 ratio. PVI is the representative of the insurers, responsible for issuing insurance policy/certificate/endorsement and contract management. PVI is also on behalf of the insurer’s side to collect insurance premium, indemnify claim payment and resolve complaints arisen.
These aviation insurance contracts provide the following types of insurance:
- Hull All Risks including war risks.
- Liability insurance against passengers, luggage, cargo, third parties’ bodily injury and property; coverage under term AVN52E and exceeding AVN52E’s limit.
- Accident insurance for air-crew.
The contracts stipulate that in case losses arisen under scope of cover the insurer will indemnify the insured 50% of estimated loss in advance in order to assist the insured to restore business promptly.
Moreover, PVI and Baoviet commit to provide NSFC and SSFC technical insurance assistance for aviation safety management work and intensive training courses at London – the centre of world aviation insurance to to improve NSFC/SSFC staff’s aviation insurance knowledge.
Source: PVI | | | |
|
|
|
|
| | | Maples Advises Avolon on Initial US$1.4 Billion Capital Raise | | | The Irish office of Maples and Calder ("Maples"), a leading international law firm, is pleased to announce that it has advised Avolon, the aircraft leasing group, on the successful completion of its i ... | | |
| | | Libor Shows Strain, Sales Dwindle, Spreads Soar: Credit Markets | | | Corporate bond sales are poised for their worst month in a decade, while relative yields are rising the most since Lehman Brothers Holdings Inc.’s collapse, as the response by lawmakers to Europe’s so ... | | |
| | | Ex-Im Bank financing arranged for SunExpress, Copa 737-800s | | | US Export-Import Bank and Turkish airline SunExpress reached a $220 million financing deal to support the carriers purchase of "several" CFM56-powered 737-800s. It will be the airlines first collabora ... | | |
catlin_underwriting_logo.jpg) | | Catlin leads converage in Libyan plane crash | | | Catlin Group Ltd. led insurance coverage of a Libyan Afriqiyah Airways flight that crashed Wednesday short of the runway at Tripoli International Airport, according to market sources. | | |
 | | Aviation insurance insight 2010 | | | How is the insurance market changing and what does this mean for Middle East? | | |
| | | Officals: Suspect in diverted flight used to be in air force | | | A man detained after claiming he had explosives on a trans-Atlantic flight Tuesday served in the U.S. Air Force as an intelligence specialist for four years, Air Force officials said. | | |
| | | ILFC Founder Udvar-Hazy Seeks Capital for New Aircraft Lessor | | | Steven Udvar-Hazy, who left International Lease Finance Corp. in February, is seeking capital for a new aircraft lessor, Air Lease Corp., that he’s founding with former colleague John Plueger. | | |
heathrowok.jpg) | | Flights resume as ash fear recedes | | | Global airlines have lost about $1.7bn (£1.1bn) of revenue as a result of the disruptions caused by the Icelandic volcanic eruption, a body has said. | | |
 | | Korean Air mandates CA-CIB for ECA financing | | | Credit Agricole Corporate & Investment Bank (CA-CIB) also closed the financing of one Airbus aircraft for AerCap. | | |
| | | Airlines are not insured against volcanic eruption | | | Insurers of airlines say that they cannot claim for losses incurred due to volcanic eruption. | | |
| | | New and Emerging risks facing aviation industry | | | While climate change remains controversial, there has been less public discussion about the long-term economic impact of weather-related schedule changes and cancellations. | | |
| | | New and Emerging risks facing aviation industry | | | Following speeches to audiences in Los Angeles in December and London in February, in which Plumeri laid out his "Top 10" risks for the new decade, his remarks in China calibrated those risks to speci ... | | |
 | | Bombardier, China Development Sign $3.85 Billion Financing Deal | | | China Development Bank Corp.’s leasing arm agreed to provide as much as $3.85 billion of customer financing to Bombardier Inc. as the planemaker seeks to boost sales in the world’s most populous natio ... | | |
| | | New and Emerging risks facing aviation industry | | | Willis CEO Joe Plumeri Says Asias Recovery Gains Altitude on the Wings of its Aviation Industry | | |
 | | Airbus, Boeing Confront Bombardier on Financing Rules | | | Airbus SAS and Boeing Co. said rules for government support in aircraft sales should be equal for all planemakers, as their duopoly in the market for single- aisle jets comes under threat from Bombard ... | | |
|
|
|
|
|
|
|
| SERVICES |
|
 |
|
|
VALC News
|
|
VALC is proud to announce that our board of directors has appointed Mr. Pham Trung Hieu as ... |
| |
On November 5th, 2011, Vietnam Aircraft Leasing Company (VALC) took delivery of the EC155 B1 ... |
| |
On December 6th 2010, The signing ceremony of general terms of engines purchase and support for IAE ... |
| |
Vietnam Aircraft Leasing Company (VALC) would like to announce that our Head Office will be ... |
| |
HANOI - As a practical contribution to celebrate the 1000th anniversary of Thang Long-Ha Noi, ... |
| |
|
|
|
|
|
|
|
|