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| NEWS |
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 Aircraft & Manufacturers
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Aeronautics researchers at NASAs Dryden Flight Research Center recently completed flight tests of a ... |
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Australian airline Qantas Friday reassured passengers there was no risk to safety after cracks were ... |
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Hondas first ever commercial aircraft, appropriately named the HondaJet, follows in the footsteps .. ... |
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Airlines business
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In the third quarter of 2011, 79% of scheduled flights were on-time, seven percentage points higher ... |
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Two of Asias largest financial group are vying to buy the aircraft leasing business being ... |
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Capital & Insurance
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| Monday, 07/02/2012, 21:21:28 PM | | | | Insurance for the Air India Express Flight IX 812 | | |  Comment |  Send To E-mail |  Print | | | | Air Indias total loss stands at USD 750 million. Air India can hull entire insurance worth USD 50 million. The entire insurance includes passenger and third party liability.
"The Air India fleet is insured by four private companies -- Reliance General, Bajaj Allianz, HDFC Ergo and Iffco Tokio. Reliance General is the lead insurer," said head of underwriting at Bajaj Allianz General Insurance Company, T.A. Ramalingam. It is understood that Reliance General had transferred the majority of the risk to re-insurers.
Addressing a press conference a day after the tragedy that claimed 158 lives, Air India Chairman and Managing Director Arvind Jadhav said they were in talks with insurance companies, including Reliance Insurance and General Insurance Company, on payment of compensation. "We are announcing an interim compensation. We will give them money immediately," he said.
Source: www.flightdubai.org & Asian Tribune | | | |
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| | | Cost of aerospace industry insurance expected to decline in 2010 | | | The cost of aerospace industry insurance in 2010 is expected to decline for the fourth year in a row, according to Aons Aerospace Insurance Markets Outlook 2010 report. | | |
 | | ECB Says Europe Banks Face Bond Sales Risk, Higher Loan Losses | | | Europe’s banks will have to write off more loans this year than in 2009 and their ability to sell bonds may be curtailed by governments seeking to finance fiscal deficits, the European Central Bank sa ... | | |
| | | 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 ... | | |
DSC_0089a.JPG) | | PVI signed Aviation Insurance contracts almost 200 million USD with NSFC and SSFC | | | 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 Serv ... | | |
| | | 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. | | |
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| SERVICES |
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VALC News
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On November 5th, 2011, Vietnam Aircraft Leasing Company (VALC) took delivery of the EC155 B1 ... |
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On December 6th 2010, The signing ceremony of general terms of engines purchase and support for IAE ... |
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Vietnam Aircraft Leasing Company (VALC) would like to announce that our Head Office will be ... |
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HANOI - As a practical contribution to celebrate the 1000th anniversary of Thang Long-Ha Noi, ... |
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VALC (Vietnam Aircraft Leasing Company) has mandated Calyon as sole arranger of the export credit .. ... |
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