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Do airlines carry any insurance against being able to trade/fly etc?
Posted : 19/04/2010 2:52 pm
Doubt it. Easier to maintain large liquidity reserves to weather something like this. Should think most low-cost carriers have sufficient liquidity for about six months.
Posted : 19/04/2010 2:57 pm
IIRC thats why they stopped flying in the 1st place because the insurers withdrew their cover to fly certain routes.
I doubt however that it will cover them for being unable to fly due to acts of god.
Posted : 19/04/2010 3:00 pm
acts of god
Isn't it 'acts of nature' now?
Posted : 19/04/2010 3:12 pm
'[i]force majeure[/i]' innit?
Posted : 19/04/2010 3:13 pm
Force majeure covers acts of god/nature dunnit
Posted : 19/04/2010 3:14 pm
no, the financial risk for any airline is eye-watering
Posted : 19/04/2010 3:54 pm