Airline industry saw its lowest ever levels of losses
The airline industry saw its lowest ever levels of losses during 2003 resulting in an average reduct...
The airline industry saw its lowest ever levels of losses during 2003 resulting in an average reduction of 18% in insurance rates, according to a report released by Aon. Terrorism, however, continues to be an ever-present threat to the aviation sector and the ongoing risk to airlines, airports and civil aircraft is at a higher level than expected. Although some insurers stopped providing insurance for airlines in 2003, capacity levels were still sufficient to meet demand. Overall insurance
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