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Being adequately insured is something that should be on every pilot’s pre-flight checklist. That is true of aircraft you own and, just as importantly, aircraft you rent. In fact, confirming you have coverage when renting may be more important in some ways, as it might not be top of mind the way insurance is for aircraft you own.
Electric aircraft will play a major role in aviation’s striving to be net-zero by 2050. Still, building electric aircraft is a bold undertaking. BETA Technologies is tackling that challenge and more. The company has launched a fully sustainable production facility at the Patrick Leahy Burlington International Airport in Vermont.
Significant progress has been made towards realizing the ambitions of electric aviation pioneers. Aircraft have been built and tested, and regulators have been busy developing frameworks for aircraft and operational certification.
One quick online search will tell you why insurance companies are withdrawing from providing coverage in disaster-prone areas around the U.S.—it’s extremely expensive to address losses.
As the use of Unmanned Aircraft Systems (UAS) continues to increase, the Federal Aviation Administration (FAA) has introduced the UAS Remote Identification (RID) Rule to ensure airspace safety and security. The second and final part of this rule goes into effect in September 2023, requiring that UAS operators comply to facilitate their identification and tracking.
As warmer weather arrives and we enter what is traditionally the busier flying season, it is helpful to consider what to do and what to have available in the unfortunate event of a claim. Knowing what to anticipate is beneficial to the efficient, expeditious and collaborative processing and resolution of your claim.
For those new to insurance and even those with several years of experience, some insurance concepts resonate more clearly than others. Whilst it’s fairly obvious what property and workers’ compensation insurance cover, the meaning of errors, omissions, negligence, breach of warranty and even implied warranty of merchantability are more opaque.
Earth Day is an annual event celebrated worldwide on April 22 since 1970. The commemoration highlights the importance of preserving natural resources and protecting our planet.
Five years ago, there were two emissions schemes that required compliance by aircraft operators. Now there are five, and more are on the way. Emissions compliance is getting increasingly complicated for international operators and is likely to continue to do so.
You’ve completed your pre-flight check and are getting ready to take off. But have you thought of everything? Whether your aircraft is brand new or you’ve owned it for many years, have you verified that you would be fully covered in the event of a loss?