Aviation News Journal
If it flies, it's in Aviation News Journal
Learn more about insurance for individuals and companies in the aviation industry.
In the last year and a half Aviation has been heavily impacted by the pandemic and subsequent grounding of the global fleet. Something else happened during this time, there was a sharp increase in the number of cyber incidents.
Aviation is an industry built on passion. Whether it’s a private interest or the path to a paycheck, aviation demands a special level of dedication that other industries may lack. It’s because of this intrinsic passion that covid-19’s impact on aviation feels more devastating, at least to me.
We are living through incredible, historical, changing times. Those of us who are involved in the aviation industry may have been greatly affected but the global pandemic; covid-19. Some sectors like aircraft cargo or charter may be thriving, while others have suffered reduced operations, revenues, or even a total shut down.
I have been an aviation insurance broker for over 30 years now and have seen aircraft hangars incorrectly insured by non-aviation brokers as barns, garages, and out-buildings. There are a handful of general insurance companies in Canada that are able to provide proper coverage at affordable rates.