Aon released its 2010/11 Airline Insurance Market Indicators report (Post Online, 22-Sep-2010). The report stated airlines lead hull and liability insurance programmes renewed between Jan-2010 and Jul-2010 have increased by 7% year-on-year. 60% of insurance renewals have seen an increase in premiums, compared with 80% in 2009. Aon stated confidence is returning to the aviation industry, with airlines projecting a 13% increase in passenger volume for 2011 and average fleet values expected to rise by 9%, compared with a 1% increase in 2009. The cost of insurance for airlines is stabilising or even falling in real terms for airlines, according to Aon.
Airline insurance rates rise 7%: Aon
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CAPA-ACTE Global Summit, Amsterdam, 26-28 Oct. The shape of international aviation markets in 2025
This unique CAPA-ACTE Summit will explore how airline partnerships, joint ventures, new airlines and disruptive entrants and technologies will completely alter the competitive dynamic by 2025. Additionally, as new trade routes expand, many new airports and air services will also open.
The next 10 years will witness the most remarkable changes in aviation. The challenges and opportunities they bring will be of similar magnitude.
This singular event, bringing together top level representative of airlines, airports, aviation suppliers and corporate buyers, will embark on an exploration of what the airline industry is likely to face in this coming decade.
Global alliances as the airline system metamorphoses: A view to 2025
The international aviation world will look very different in a decade. The big US airlines are re-emerging from their shells as prosperity (and slow growth in their mature domestic market) prompts them to go forth internationally.
China is inevitably and remorselessly stamping its shape on global markets; the Gulf carriers continue to expand and attract the ire of those who prefer the status quo; and low cost carriers proliferate and metamorphose.
And all this while, sadly, airlines look like remaining confined to the 1940s’ archaic ownership and control rules. Within this confinement, they continue to struggle to find new ways of expanding their geography – and, in some cases, of restricting others’. International markets have another drawback. They tend to be much more competitive, in diverse ways, than nationally protected domestic markets.