aviation insurance News

Brink’s Sues Air Canada After $17 Million Heist of Gold and Cash

An unsolved $17 million heist of Swiss gold and cash near Canada’s busiest airport has led Brink’s Co. to sue Air Canada for allegedly letting a thief slip away with the loot. Miami-based Brink’s accused the airline of “negligence and …

Airlines Face Israel Insurance Alert in Wake of Weekend Attacks

Airlines wrestled with the safety risk of evacuation operations in Israel on Thursday, with carriers including Dutch KLM canceling flights while sister airline Air France mounted a special relief flight chartered by the French foreign ministry. Airlines have faced warnings …

Jet Engine Maker CFM Says Suspect Parts Reached its Own Repair Shops

Jet engine maker CFM International said on Wednesday the number of engines suspected of containing falsely documented parts from a UK distributor had risen to 126, including 16 inside its own workshops after it inadvertently bought them indirectly. CFM, owned …

MGA Skyrisks Officially Launches With Investment, Capacity From Convex Group

Skyrisks Ltd., the London-based MGA and specialist in the advanced air mobility (AAM) sector, has officially launched with capacity and a cornerstone investment from Convex Group, the specialty re/insurer. Financial details of Convex’s investment were not disclosed. Skyrisks said AAM …

UK Firm Sold Thousands of Unverified Jet Engine Parts, CFM Says

Jet engine maker CFM International said on Wednesday thousands of engine components may have been sold with forged paperwork by a British distributor, as the fallout from a probe into falsely certified parts reached London’s High Court. Matthew Reeve, a …

Virgin Australia Finds Second Bogus Jet Part With Fake Certificate

Virgin Australia Airlines Pty found a second suspected unapproved plane part from obscure UK supplier AOG Technics Ltd., as the industry continues to hunt down bogus components that have spread across the global fleet. The Australian airline discovered a seal …

United Airlines Is Latest to Discover Bogus Parts in Plane Engines

United Airlines Holdings Inc. discovered dubious parts in two aircraft engines, adding to the list of carriers worldwide that have found bogus components from supplier AOG Technics Ltd. The parts were discovered in a single engine on each of two …

Florida Copter Pilot Heard Bangs Before Fatal Crash into Apartment Building

FORT LAUDERDALE, Fla. (AP) — A pilot told investigators he heard a loud bang before a Florida medical rescue helicopter caught fire in flight last month, leading to a crash that killed a paramedic and a woman on the ground, …

Fake Spare Parts Were Supplied to Fix Top-Selling Jet Engine

European aviation regulators have determined that an obscure London-based company supplied bogus parts for repairs of jet engines that power many older-generation Airbus SE A320 and Boeing Co. 737 planes. Manufacturing partners General Electric Co. and Safran SA have been …

Lufthansa Weighs Sale of Aviation Insurance Broker, Insurer: Sources

Deutsche Lufthansa AG, the German airline, is looking to sell its insurance brokerage unit Albatros and insurance business Delvag, according to people familiar with the matter. The country’s largest carrier is working with advisers to find a buyer for the …