Jet Engine Costs
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Jet Engine Costs
I read of engines being damaged by bird strikes, FOD damage, surge damage,
etc,etc. With engines costing from 4mil upwards do airlines / can airlines insure
against this cost or do they pay by the hour, or do they stand the costs
themselves.
I am a retired engineer but my background is G. A.
etc,etc. With engines costing from 4mil upwards do airlines / can airlines insure
against this cost or do they pay by the hour, or do they stand the costs
themselves.
I am a retired engineer but my background is G. A.
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Larger airlines probably self-insure for component damage, and ramp debris/FOD might be recoverable from the airport operator if negligence can be shown.
But smaller airlines may not be able to risk this, and carry commercial insurance.
But smaller airlines may not be able to risk this, and carry commercial insurance.
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Depends. Owned or leased engines. Insurance or not. In house maintainance or offsite vs OEM flying in for the fix, who's watching over this stuff, who's trying to screw who, negotiating skills, etc.
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"It depends" and "insured or not" sounds rather like "I don't really know the answer, but I'll give you one anyway!
In corporate FOD and bird strike are covered under you hull risk policy. If its not you are using the wrong broker. I cannot speak for airlines.
In corporate FOD and bird strike are covered under you hull risk policy. If its not you are using the wrong broker. I cannot speak for airlines.
Last edited by deefer dog; 26th May 2013 at 02:36.
My experience is all of the above + add in a max level of self insured and after that the insurrer pays.
I've had some pressure put on me to assess at a level that favours one party
I've had some pressure put on me to assess at a level that favours one party
