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2021 has seen two of the biggest advancements in drone regulations in the US since June 2016, when 14 CFR Part 107 was introduced. While the Federal Aviation Administration (FAA) has issued numerous waivers for flights that go beyond the scope of Part 107, as it is colloquially referred to, there have been no widespread changes to the rules for almost 5 years, despite pressure from those seeking to maximize the opportunity of drone technology.
Many people say that the pandemic had an interesting effect on how they perceived time. On one hand, it seemed like the months spent in quarantine went on forever. On the other hand, memories of our personal and business lives suddenly grinding to a halt are extremely vivid for most of us, making it seem like that change happened “just yesterday.”
The United Kingdom’s decision to withdraw from the European Union, commonly referred to as Brexit, came about as a result of a referendum held in 2016. The UK had joined the European Economic Community, as the EU was then known, in 1973, but its involvement was politically contentious for much of the period.
OEMs are working to deliver more fuel-efficient airframes and engines to airlines who are, in turn, pushing to reduce cost and increase operational efficiency. This is being achieved in three primary ways. Firstly, through aerodynamic design changes to aircraft and engines. Secondly, using lighter materials and innovative processes in manufacturing of both airframe and interior components and finally, by developing the use of alternative fuels.
It’s safe to say nobody planned for the historic disruption in operations that COVID-19 brought about over the past year. Faced with an unprecedented drop in demand seemingly overnight, many air operators were forced to put expansion plans on hold, make difficult decisions about staffing and park unused aircraft.
Drones are classified as aircraft by the FAA and equivalent regulatory bodies around the world. Because aviation or aircraft exposures are typically excluded from general business or homeowner’s policies, it is important to fully understand your insurance and risk management options to protect yourself appropriately.
2020 has been a challenging year. It is our hope that our industry will come out of these difficult times with renewed purpose, finding greater strength and resilience from each other. We recognise that during these times, our clients need dependability, confidence and trust in the people they choose to do business with.
In the 2009 American comedy-drama Up in the Air, George Clooney plays Ryan Bingham, a frequent flyer who extols the virtues of traveling for work. Living free of burdensome relationships and material possessions, Ryan’s entire lifestyle centers on his quest to earn 10 million frequent flyer miles with American Airlines.
Aviators and insurance professionals both keep a keen eye on weather, although often for very different reasons. During 2020, almost everyone was paying particular attention to what was ultimately record-breaking Atlantic hurricane activity.
The global space economy is growing. Governments around the world are realising the potential the space industry could be bringing into their respective economies. An exceptional amount of capital is being invested both by governments and the private sector.