Airline Liability
- All
- News
-
Families Of Nepal Plane Crash Likely To Miss Out Millions In Compensation: Report
The grieving families of the victims of the Yeti Airlines plane crash are likely to lose out on millions in compensation because the Nepal government has not ratified the crucial air carriers' liability and insurance draft bill.
-
Centre Settles Over Rs 61,000 Crore Air India Debt Before Transfer To Tatas
The government has settled over Rs 61,000 crore of Air India's legacy debt and other liabilities that were left in AIAHL -- the company holding residual assets and liabilities of the airline -- ahead of the transfer of the national carrier to the Tata Group.
-
Boeing To Compensate Victims In Ethiopian Airlines 737 MAX Crash
Boeing Co on Wednesday agreed to acknowledge liability for compensatory damages in lawsuits filed by families of the 157 people killed in the 2019 Ethiopian Airlines 737 MAX crash, according to a filing in U.S. District Court in Chicago.
-
British Airways Settles With 2018 Data Breach Victims
British Airways has settled a case brought by customers and staff affected by a massive 2018 data breach that led to personal information being leaked, the court-appointed lead solicitors in the case said.
-
Opinion: Why India's Airlines Keep Struggling To Take Off
Jet Airways suffered losses for three consecutive quarters now; its cumulative current liabilities have climbed to $2.2 billion.
-
Supreme Court Asks SpiceJet To Pay Rs 579 Crore To Previous Owner Kalanithi Maran
SpiceJet had earlier said that the change of ownership was effected as a rehabilitative measure to address the liability of Rs 2,000 crore incurred by the airline when it was under the management of Kalanithi Maran.
-
Bill to Revise Airlines' Liability Introduced in Lok Sabha
A bill to revise the liability limits of airlines on compensation for death, injury and loss of baggage and cargo was introduced in Lok Sabha today, under which the compensation for death in an air accident goes up to over Rs 1 crore from almost Rs 89 lakh now.
-
Passengers to be Paid Much More for Flight Delays, Lost Luggage
The Union Cabinet today cleared changes in the Air Carriage Act to ensure that Airlines will pay more in damages to passengers for flight delays, loss of baggage and accidental death.
-
SpiceJet Soars 15% on Hopes of New Investments
SpiceJet shares jumped over 15 per cent on Friday on reports that the ailing carrier may get new investments soon. SpiceJet has a liability of Rs 2,000 crore and it had to ground its operations briefly on Wednesday after oil companies refused supplied pending the clearance of dues.
-
SpiceJet Cancellations Trigger Chaos At Airports
Yesterday, the Sun-group-controlled airline had earned some breathing space when the government said it would allow it another week to come up with a fresh proposal for equity infusion. SpiceJet has a liability burden of over Rs 2,000 crore and owes money to airports, oil companies and its employees.
-
Air Insurers Worry After Malaysia Airlines' Latest Crash
Malaysia Airlines' two crashes in less than five months are sending tremors through the aviation insurance market - not least because the carrier's $2.25 billion overall liability policy is mysteriously missing a standard clause that usually limits insurers' payments for search-and-rescue costs.
-
Allianz Lead Insurer, Willis Broker for Malaysian Airline Plane Crash: Report
Germany's Allianz SE is the lead hull and liability reinsurer covering a Malaysian airliner that was shot down over eastern Ukraine on Thursday, Bloomberg reported, citing an email from Allianz.
-
Families Of Nepal Plane Crash Likely To Miss Out Millions In Compensation: Report
The grieving families of the victims of the Yeti Airlines plane crash are likely to lose out on millions in compensation because the Nepal government has not ratified the crucial air carriers' liability and insurance draft bill.
-
Centre Settles Over Rs 61,000 Crore Air India Debt Before Transfer To Tatas
The government has settled over Rs 61,000 crore of Air India's legacy debt and other liabilities that were left in AIAHL -- the company holding residual assets and liabilities of the airline -- ahead of the transfer of the national carrier to the Tata Group.
-
Boeing To Compensate Victims In Ethiopian Airlines 737 MAX Crash
Boeing Co on Wednesday agreed to acknowledge liability for compensatory damages in lawsuits filed by families of the 157 people killed in the 2019 Ethiopian Airlines 737 MAX crash, according to a filing in U.S. District Court in Chicago.
-
British Airways Settles With 2018 Data Breach Victims
British Airways has settled a case brought by customers and staff affected by a massive 2018 data breach that led to personal information being leaked, the court-appointed lead solicitors in the case said.
-
Opinion: Why India's Airlines Keep Struggling To Take Off
Jet Airways suffered losses for three consecutive quarters now; its cumulative current liabilities have climbed to $2.2 billion.
-
Supreme Court Asks SpiceJet To Pay Rs 579 Crore To Previous Owner Kalanithi Maran
SpiceJet had earlier said that the change of ownership was effected as a rehabilitative measure to address the liability of Rs 2,000 crore incurred by the airline when it was under the management of Kalanithi Maran.
-
Bill to Revise Airlines' Liability Introduced in Lok Sabha
A bill to revise the liability limits of airlines on compensation for death, injury and loss of baggage and cargo was introduced in Lok Sabha today, under which the compensation for death in an air accident goes up to over Rs 1 crore from almost Rs 89 lakh now.
-
Passengers to be Paid Much More for Flight Delays, Lost Luggage
The Union Cabinet today cleared changes in the Air Carriage Act to ensure that Airlines will pay more in damages to passengers for flight delays, loss of baggage and accidental death.
-
SpiceJet Soars 15% on Hopes of New Investments
SpiceJet shares jumped over 15 per cent on Friday on reports that the ailing carrier may get new investments soon. SpiceJet has a liability of Rs 2,000 crore and it had to ground its operations briefly on Wednesday after oil companies refused supplied pending the clearance of dues.
-
SpiceJet Cancellations Trigger Chaos At Airports
Yesterday, the Sun-group-controlled airline had earned some breathing space when the government said it would allow it another week to come up with a fresh proposal for equity infusion. SpiceJet has a liability burden of over Rs 2,000 crore and owes money to airports, oil companies and its employees.
-
Air Insurers Worry After Malaysia Airlines' Latest Crash
Malaysia Airlines' two crashes in less than five months are sending tremors through the aviation insurance market - not least because the carrier's $2.25 billion overall liability policy is mysteriously missing a standard clause that usually limits insurers' payments for search-and-rescue costs.
-
Allianz Lead Insurer, Willis Broker for Malaysian Airline Plane Crash: Report
Germany's Allianz SE is the lead hull and liability reinsurer covering a Malaysian airliner that was shot down over eastern Ukraine on Thursday, Bloomberg reported, citing an email from Allianz.
