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Safety Management Systems for FAA Part 135 and 91.147 Operations
Aerospace 04/01/2024
Risk mitigation is a natural instinct in our profession, accomplished consciously and subconsciously every day. We’ve all heard about formal Safety Management Systems (SMS). Since 2018, those...
The aviation insurance industry remains in a “hard” market characterized by rising insurance premiums, restrictive underwriting, limits management, and removal or reduction of coverage at...
As an aircraft owner, you must deal with various contracts on a regular basis. Whether it is a loan agreement, maintenance service contract, hangar agreement, dry lease, or any other type of legal...
When you make your New Year Resolution checklist, do you include a review of your insurance? Do you typically make resolutions and to-do lists at the start of a new year? Many of us set out to...
You own two aircraft and got a better insurance deal insuring each one with a different insurer. While this may seem logical and benign, there are negative insurance consequences in doing so that you...
The current pilot shortage is wreaking havoc on aircraft owners, including the airlines. Airlines are dipping into the corporate aircraft pilot pool using hiring bonuses and higher wages, and the...
You are completing the third leg of what has been a successful business trip, and as the plane touches down, there is a loud “thunk.” The pilot successfully maintains control of the aircraft and...
As aircraft values continue to increase, it’s time to consider what you’re insuring your plane for. Aircraft insurance is unique. While auto insurance is written on an actual cash value basis,...
“But what really takes budgeting from routine to revelation isn’t merely mastering the mundane, but planning for the unexpected…with margin.” – Tim Maurer An annual budget is one of the most common...
The Lay-up: No, we aren’t talking basketball. The lay-up credit is a little-known and little-used coverage under a corporate aircraft insurance policy. It doesn’t often come into play, but in...