Air India seeks fog insurance for 5-month period

New Delhi: For the second year in succession, Air India is seeking insurance cover against loss arising out of its flights getting delayed by foggy conditions at 17 airports around the globe.
In 2006, the airline had awarded the fog insurance contract to Oriental Insurance.
The airline is now seeking a cover for a five month period starting November this year. Among the domestic airports to which the airline operates and has identified as running the risk of being hit by fog related delays include Bangalore, Dibrugarh, Lucknow, Srinagar, Delhi and Amritsar.
The international airports include New York, Chicago, Toronto, Birmingham and Frankfurt.
Risk coverage
The airline plans to take a risk coverage of Rs 20 crore and is seeking a maximum daily expenditure of Rs 10 lakh for delays at Indian airports and Rs 20 lakh per day for delays at international airports.
10/10/07 Ashwini Phadnis/Business Line

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Categories: Air India - International Oct 2007, Air india Budget Oct 2007, Air India Domestic Oct 2007, Airports Oct 2007, NACL Oct 2007, Safety Oct 2007