Global Selected as the Aviation Insurance Claims Manager and Advisor for the Federal Aviation Administration (FAA)

May 30, 2012

Parsippany, New Jersey—Global Aerospace, Inc., a leading international provider of aerospace insurance products and services, announces that they have been selected as the Aviation Insurance Claims Manager and Advisor for the Federal Aviation Administration (FAA). Global Aerospace will provide insurance expertise, assist in claims settlements and advise the FAA on commercial aviation insurance matters with respect to war risk coverage provided by the FAA as authorized by Congress.

Global Aerospace will serve as Aviation Claims Manager and Advisor for both the premium war risk insurance, provided to 64 U.S. air carriers for their commercial flights, and non-premium war risk insurance, provided to 34 U.S. air operators who are under contract to the Department of Defense (DOD). The FAA has immense responsibilities to these airlines, and has chosen Global Aerospace’s experienced claims management services to assist in the handling of high risk, complex events.

“Global Aerospace is proud to serve as Aviation Insurance Claims Manager for the FAA,” commented President and Chief Operating Officer Jeff Cassidy. “We are confident that we have the experienced staff and capabilities within our organization to work effectively with the FAA on this highly important effort.”