Eight corporate jets and charter planes, damaged in the Chennai deluge last week, will remain grounded for two-three months for inspection and overhaul.
While companies can claim insurance for damages to spare parts and components, charter companies will take a hit as loss of revenue is not covered under insurance policies.
Planes belonging to TVS Motors, Sun TV, Kalyan Jewellers and Joy Jets (charter firm belonging to Joy Alukkas group) have been impacted due to the flooding. Damages to hull and spares are estimated to be around Rs 200 crore, according to a senior executive from a public sector insurance company.
TVS Motors declined comment, while Sun TV did not respond to email query on the issue.
10/12/15 Aneesh Phadnis/Business Standard
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While companies can claim insurance for damages to spare parts and components, charter companies will take a hit as loss of revenue is not covered under insurance policies.
Planes belonging to TVS Motors, Sun TV, Kalyan Jewellers and Joy Jets (charter firm belonging to Joy Alukkas group) have been impacted due to the flooding. Damages to hull and spares are estimated to be around Rs 200 crore, according to a senior executive from a public sector insurance company.
TVS Motors declined comment, while Sun TV did not respond to email query on the issue.
10/12/15 Aneesh Phadnis/Business Standard
