LAX ; QF94 and QF 16 clash
Nemo Me Impune Lacessit
Joined: Jun 2004
Posts: 4,103
Likes: 5
From: Chabanais, France
May be a naïve question, but doesn't insurance cover this sort of hiccup?
Insurance will cover any cost of repair over and above the excess/deductible. QF insurers will then fight it out with the handling company's insurers if the handlers weren't QF. Could add a complication if a QF LAE was supervising.
ALAEA Fed Sec
I would doubt very much if QF self insure the A380 hulls, the older B747s maybe, it depends what the book value is, the B747 may have been written down to zero or near to it. They certainly won't self insure their third party liabilities, (billions of cover), or their passenger legal liabilities. They may self insure the staff PA scheme and possibly baggage claims but that would be about it.
Joined: May 2002
Posts: 256
Likes: 0
From: BNE
The aircraft were and probably still are insured thru JLT (Jardine Lloyd Thomas)
One of the world’s leading experts in
aviation insurance and also the fastest
growing:
• Place around USD 1bn insurance
premium into the market
• Approx 23% share of the worldwide
airline market
• Track record of successfully handling
complex claims (e.g. Qantas 2010
A380 engine explosion)
One of the world’s leading experts in
aviation insurance and also the fastest
growing:
• Place around USD 1bn insurance
premium into the market
• Approx 23% share of the worldwide
airline market
• Track record of successfully handling
complex claims (e.g. Qantas 2010
A380 engine explosion)
Joined: Dec 2013
Posts: 1,396
Likes: 148
From: Weltschmerz-By-The-Sea Australia
The ground handling agent will have their own liability insurance which would cover damage caused by them. If, on the other hand (and this parenthetical observation is purely hypothetical) they were acting under the direction or supervision of a QF employee or other party then it can obviously become a lawyer's feeding frenzy.
Good times!
¿Hablo Smith y Wesson?
Good times!
¿Hablo Smith y Wesson?
Nemo Me Impune Lacessit
Joined: Jun 2004
Posts: 4,103
Likes: 5
From: Chabanais, France
The aircraft were and probably still are insured thru JLT (Jardine Lloyd Thomas)
I suspect that JLT are the holding broker in Australia and the bulk of the business will be a re-insurance through the London market.
Joined: Jan 2007
Posts: 56
Likes: 1
From: Sydney
JLT are the brokers in London, it's not placed with JLT in Australia and the insurers are a panel of well known and established aviation insurance companies based in France, the UK and elsewhere in the world. All aircraft if the Qantas fleet are insured and all are subject to an excess. Excess varies according to type. Jet aircraft have what is called Deductible Insurance which lowers the excess to $100,000.
Qantas will claim on their insurers and they in turn will seek recovery from the ground handler's insurers subject to the limitations of the Ground Handling Agreement in place. Lawyers will be involved and it will go on for years.
Qantas will claim on their insurers and they in turn will seek recovery from the ground handler's insurers subject to the limitations of the Ground Handling Agreement in place. Lawyers will be involved and it will go on for years.
Joined: Dec 2001
Posts: 42
Likes: 0
From: South of equator
indamiddle quote: "Fantastic timing, an A380 and a 747 had a clash of wing tips at LAX. A380 wing apparently looks it was attacked by a shark, 747 wing tip not flash either. Both flights cancelled. Let the conspiracy theories begin,"
Who cares?!!
Who cares?!!
