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While renting any vehicle comes with risk, there is much more at stake when that vehicle is an airplane. The consequences of mechanical problems with the aircraft, operator (i.e., pilot) error, etc. can be significant and put people, the plane and other property in harm’s way.
As a requirement of aircraft ownership in the US, you must register your airplane with the Federal Aviation Administration (FAA). It is not a difficult process, and there is helpful information available on the FAA website. It is, however, an important process for a few reasons. One is simply that it is a legal requirement for all owners to register their aircraft and to have the registration onboard the aircraft.
It’s a busy Wednesday afternoon when the IT manager walks into the CEO’s office with an ashen face. “We think we may have been compromised,” they state. It takes you a few moments to understand what they’re saying. It’s only the look on their face that makes you realise how serious this is.
From participation in safety programs to encouraging interest in aviation and educating the next generation of industry professionals, the sharing of knowledge is essential to everyone involved in aviation. For that reason, Global Aerospace has developed or supports several programs designed to advance the industry and also make it easier to obtain aviation insurance.
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.