Mumbai: The ill-fated King Air C-90 twin-turboprop that crashed in Ghatkopar on Thursday was insured with state-owned Oriental Insurance Company for Rs 7 crore. The insurer is understood to have appointed surveyors and lawyers to assess its legal situation.
Any private aircraft operator is required by the Director General of Civil Aviation to have a comprehensive insurance policy covering the aircraft, its passengers and cargo, crew members and third-party liabilities. The aircraft VT-UPZ owned by UY Aviation is understood to have the mandatory cover.
Sources said the insurance company is currently studying whether any terms of the insurance cover have been violated given the reports that the aircraft allegedly flew without an airworthiness certificate.
Insurance industry officials say Rs 7 crore is a very low sum insured for a 12-seater aircraft. However, the plane had been grounded for nine years and was purchased for a very low value.
30/06/18 Times of India
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Any private aircraft operator is required by the Director General of Civil Aviation to have a comprehensive insurance policy covering the aircraft, its passengers and cargo, crew members and third-party liabilities. The aircraft VT-UPZ owned by UY Aviation is understood to have the mandatory cover.
Sources said the insurance company is currently studying whether any terms of the insurance cover have been violated given the reports that the aircraft allegedly flew without an airworthiness certificate.
Insurance industry officials say Rs 7 crore is a very low sum insured for a 12-seater aircraft. However, the plane had been grounded for nine years and was purchased for a very low value.
30/06/18 Times of India
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