Market dodges hull loss on Chilean air crash
Aviation underwriters will not be on the hook to pay claims after a
Chilean air force plane was lost over the pacific, according to
market sources.
21 people are feared dead after a Casa-212 plane went missing after
making two failed attempts to land at an airport on the Juan
Fernandez Islands in the Pacific Ocean, Chilean defence minister
Andres Allamand said.
Broking sources suggest a hull loss on a Casa-212 would amount to
around $1.5mn to $2mn, depending on...
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