Regionals Pressing FAA To Lower Liability Insurance Rates

Airline Financial recents

10-22-2001

Regionals Pressing FAA To Lower Liability Insurance Rates

Volume: 19
Number: 40
ISSN: 10405410
Publication Date: 10-22-2001
Page: 1
Type: Periodical
Language: English

The regional airline industry is pressing the Federal Aviation Administration (FAA) to lower the rates for newly created management liability insurance, arguing that a flat recompense of $7.50 per departure hits regional carriers harder than major airlines.

Because of skyrocketing insurance premiums for regional and major carriers after the terrorist attacks, the FAA stepp in and provided extra