Air Transport World

Overpaying the piper? (African Airlines Association conference on airline insurance)(Leasing & Finance)

African airlines consider that they are having to pay unreasonably high insurance premiums because underwriters have a misconception of their industry. This emerged as one of the main concerns of members of the African Airlines Assn. at a conference on airline financing, leasing and insurance organized by African Airlines magazine in cooperation with AFRAA and hosted by Air Zimbabwe.

"Despite appreciable improvements in the operating environment, African airlines continue to be perceived as suffering from the legacies of the past, with underwriters still having an outdated image of the way they are managed and operated," Aberra Makonnen, the body's director-corporate & industry affairs, declared. This perception persists, he said, despite the fact that carriers are operating new aircraft - at least, on international routes - have improved maintenance standards and trained and upgraded pilots and technicians to international standards. …

Log in to your account to read this article – and millions more.