aviation insurance News

Aviation Sector Sees No Quick Tech Solution to GPS ‘Spoofing’ Interference Problem

Global regulators, aviation security specialists and manufacturers failed to reach an agreement on a quick technical fix to the problem of GPS spoofing near war zones at a meeting on Thursday [Jan. 25], instead calling for better training of pilots …

Small Plane Crash in Florida Everglades Kills 2

FORT LAUDERDALE, Fla. (AP) — A small plane crashed in the Florida Everglades, killing the two people on board, authorities said. Their bodies were found Wednesday in the wreckage. The single-engine Cessna Skyhawk took off from the North Perry Airport …

Florida Countertop Firm Owner Killed in Helicopter Crash

MIAMI (AP) — Emergency workers in south Florida this week tried to rescue a 71-year-old pilot of a helicopter that crashed into a canal. The man’s daughter swam to safety but the pilot could not be saved, according to news …

Airline Industry to Meet to Discuss Safety Concerns Around Spike in GPS Spoofing

Global aviation industry leaders will meet in January to discuss safety concerns around increased GPS interference by cyberattackers steering planes off course, an International Air Transport Association executive said on Wednesday. Global Positioning System (GPS) spoofing has spiked in recent …

Russia Flagship Carrier Aeroflot Says It Reached Settlement With Aircraft Leasing Firm

Russian flagship carrier Aeroflot said on Thursday it had clinched a settlement with leasing company BOC Aviation under which nine aircraft are to be handed over to Russian state insurance company NSK. A statement issued by Aeroflot said NSK would …

GE, Safran Find Bogus Parts on More Jet Engines in AOG Probe

CFM International Inc. identified more aircraft engines and forged documents linked to the UK parts distributor behind an alleged scheme to sell aircraft components backed by forged records. An extensive review by the engine-making joint venture of General Electric Co. …

Aviation War Insurers Cancel Cover for Airlines Domiciled in Israel, Lebanon: Sources

Aviation war insurers have given notice to cancel cover for some airlines domiciled in Israel and Lebanon because of the conflict in the region, with some cancellations already taking effect, three industry sources with direct knowledge of the matter said. …

Israel to Provide $6 Billion War Insurance Cover for Israeli Airlines

Israel’s parliamentary finance committee approved a plan to provide a state guarantee of $6 billion to cover insurance against war risks to Israeli airlines, the Finance Ministry said on Thursday. The guarantee framework will grant Israeli airlines insurance policies against …

Fidelis MGU and Castlelake Launch Aviation-Focused ‘Itasca MGA’

Pine Walk Capital Ltd., a specialist MGA platform and wholly owned subsidiary of specialty re/insurer Fidelis MGU, and Castlelake L.P., a global alternative investment manager, announced the launch of an aviation-focused managing general agent Itasca MGA. Itasca MGA will specialize …

Update: Airlines Wrestle With Safety Risks of Evacuation Operations in Israel

Airlines wrestled with the safety risk of evacuation operations in Israel on Thursday, with Norwegian Air and Dutch KLM canceling flights while Air France was going ahead with a special flight chartered by the French foreign ministry. Norwegian Air said …