KINGFISHER IN LINE FOR HIGHER INSURANCE PREMIUMS

Dino D'Amore
By Dino D'Amore February 8, 2011 16:57

KINGFISHER IN LINE FOR HIGHER INSURANCE PREMIUMS

Due to a claim of $7 million for its damaged turboprop ATR that flew from Bhavnagar to Mumbai in 2009, Kingfisher Airlines can expect higher insurance premiums when its policy is renewed in June.

However company’s spokesperson Prakash Mirpuri said the airline’s marginal increase in insurance costs in FY 2010 over FY 2009 is mainly due to increased wide-body aircraft deployment.

Bajaj Allianz and ICICI Lombard are the co-insurers for Kingfisher Airlines.

Dino D'Amore
By Dino D'Amore February 8, 2011 16:57
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