AI ops head's visit expected
Rajesh Dogra, global head, airport operations,
Air India
, was expected to arrive in Ahmedabad on Monday night, sources said. Dogra's visit is to support local teams managing the aftermath of the crash and meet families of victims.
Campbell Wilson, AI's CEO and MD, was in the city on Friday and Saturday.
He visited the crash site, met Prime Minister Narendra Modi and the lone survivor of the crash. The London-bound flight crashed on June 12 shortly after take-off from SVPI airport in Ahmedabad, claiming over 274 lives including 229 passengers, two pilots and 10 crew members and other people on the ground.
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Indian Express
2 hours ago
- Indian Express
McKinsey likely to aid Air India overhaul
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New Indian Express
2 hours ago
- New Indian Express
A crash that flies in the face of our hubris
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Time of India
3 hours ago
- Time of India
After engine change, AI Dreamliner's insurance cover was hiked by Rs 100cr
1 2 3 Kolkata: Air India had enhanced the insurance cover for the Boeing 787-8 Dreamliner that crashed in Ahmedabad, from Rs 750 crore to Rs 850 crore, during its renewal in April 2025. This came following an engine replacement on the plane, say sources. Total insurance claims from the crash are expected to be around Rs 1,500 crore. Indian insurers led by Tata AIG are likely to bear only Rs 100-150 crore of the payout, having ceded most of the risk to global reinsurers. The AI flight to London's Gatwick crashed last week, killing as many as 270 people, including 241 on board. The crash is expected to trigger passenger compensation under the Montreal Convention, which means families of deceased passengers are entitled to about Rs 1.8 crore each, pushing the total liability above Rs 420 crore. The crash may also result in significant third-party claims. Experts said this is likely to harden the global aviation insurance market, especially for wide-body aircraft operators in Asia. This was the first major crash involving a wide-body aircraft in the region. The Boeing aircraft's insurance was part of a fleet-wide cover of Rs 8,000-10,000 crore, for which Air India paid an annual premium of around Rs 250 crore. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like One of the Most Successful Investors of All Time, Warren Buffett, Recommends: 5 Books for Turning... Blinkist: Warren Buffett's Reading List Click Here Undo The aviation policy is led by Tata AIG General Insurance, with participation from Indian co-insurers like GIC Re, United India, Oriental Insurance, National Insurance and ICICI Lombard. Over 90% of the risk is reinsured with global players including AIG, AXA XL and others in London and Bermuda markets. Sources said Indian insurers have retained only about 7.5-10% of the exposure, translating to Rs 100-150 crore. The remainder will be met by foreign reinsurers. The hull loss alone — based on the aircraft's age-adjusted insured value — is pegged at Rs 850 crore, as the Dreamliner has been declared a total loss. The crash is also expected to trigger passenger compensation under the Montreal Convention. Families of deceased passengers are entitled to about Rs 1.7 crore each, which could push the total liability above Rs 420 crore. Additionally, the crash may result in significant third-party claims. Experts said this is likely to harden the global aviation insurance market, especially for wide-body aircraft operators in Asia. This was the first major crash involving a wide-body aircraft in the region. Meanwhile, IRDA has directed all insurers involved in the matter to submit weekly updates on claim settlements starting June 16. In a circular issued on June 14, the regulator also asked companies to expedite payouts under life and personal accident policies, and to waive requirements like FIRs and postmortem reports. Insurers have been instructed to appoint nodal officers to handle claims.
