All posts tagged: Warrisk

War-risk cover for flights may push up fares| India News

War-risk cover for flights may push up fares| India News

New Delhi: Insurance companies are moving to raise war-risk premiums for airline fleets operating to West Asia, which could push up already-elevated airfares as carriers are likely to pass on part of the additional cost to passengers, multiple aviation industry insiders told HT. Passengers stranded due to flight disruptions and cancellations following the situation in West Asia at Terminal 3 of Indira Gandhi International Airport, in New Delhi earlier this week. (ANI Photo) (Sathiya) People familiar with the discussions said insurers have begun reaching out to airlines operating flights to parts of West Asia, citing higher operational risks to “war zone” areas and seeking to revise premiums for aircraft flying these routes. Carriers have started operating a limited number of flights to ferry stranded passengers to and from Gulf airports in the wake of the escalating conflict involving the US, Israel and Iran. Queries sent to Air India, IndiGo, Air India Express, SpiceJet and Akasa Air did not get a response. “In situations like this, the underwriter has the right to issue a notice of …