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The first-ever aviation insurance policy was written by Lloyd's of London in 1911. The company stopped writing aviation policies in 1912 after bad weather at an air meet caused crashes, and ultimately losses, on those first policies. [1] The first aviation policies were underwritten by the marine insurance underwriting community. [2]
Private war risk insurance policies for aircraft were temporarily cancelled following the September 11, 2001 attacks [3] and later reinstated with substantially lower indemnities. [4] In the wake of this cancellation, the US Congress passed the Terrorism Risk Insurance Act to backstop insurance policies offered to commercial airlines. [ 5 ]
Those who have decided on aviation as a career often begin with an undergraduate aviation-based education. Some pilots are trained in the military and are issued with civilian certificates based on their military record. Others are trained directly by airlines. The pilot may choose to be trained under Part 61 or Part 141 of the FARs.
Some of the world's largest aircraft lessors faced off against their insurers in a Dublin courtroom on Tuesday at the start of a months-long battle over around 2.5 billion euros ($2.7 billion) of ...
As of September 2022, the Civil Reserve Air Fleet consists of 450 aircraft from 25 airlines. This breaks down to 413 aircraft for international operations, with 268 considered to be in the "long-range international" category and 145 in the "short-range international" section, as well as 37 aircraft in the "national" segment.
The Civil Aeronautics Board (CAB) was an agency of the federal government of the United States, formed in 1940 from a split of the Civil Aeronautics Authority [1] and abolished in 1985, that regulated aviation services (including scheduled passenger airline service [2]) and, until the establishment of the National Transportation Safety Board in 1967, conducted air accident investigations.
The unmanned aerial vehicles are used for real estate, aerial photography, industrial inspections, agriculture and even work for insurance companies. The Federal Aviation Administration predicts ...
Elta's Flight Guard is a missile detection and avoidance system that is installed on more than 200 military aircraft and helicopters as well as on several VIP commercial aircraft, and has been also installed in aircraft of the El Al, [1] [2] Arkia [3] and Israir [3] fleets that fly to high risk destinations.