The Bhoja Air plane that crashed today (20 April) near Islamabad could cost aviation underwriters around $20mn-$60mn but is unlikely to be a major market event, The Insurance Insider understands.
According to aviation market sources, Bhoja Air is not placed by any of the major brokers and is thought to be insured in the Russian market.
The Bhoja Air Boeing 737, flight BHO-213, was flying from Karachi to Islamabad when it crashed in bad weather near Chaklala, Rawalpindi.
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