All companies, fixed and rotor have a built in hull loss element to their business models before insurance premiums are reshaped. The cliche regarding the expense of an accident, only kicks in when this threshold has been reached and it is also country dependent. Indonesia is a great example here and so is PNG. But as the fat of safety is picked back to the bone and cost and super regulation get closer together in CAA land, where will it all end?Philippine operators in the Peterhead lane?