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Thu, Jun 06, 2002 - Page 18 News List

Airlines applaud insurance plan

A BLESSING A Canadian-based aviation organization has proposed to reduce insurance premiums by establishing a non-profit airline insurance company

By Richard Dobson  /  STAFF REPORTER

A spokesperson for EVA said the proposal would be welcomed by the airline which has already had to swallow higher premiums to bolster its third-party coverage from US$50 million to US$1-1.5 billion.

But dispute whatever plan the ICAO and IATA eventually devise to help reduce the insurance burden it remains uncertain as to whether Taiwanese airlines will be able to benefit from it.

Due to pressure from China no Taiwan airlines are members of either ICAO or IATA.

"It remains a question mark as to whether Taiwan airlines will be able to participate in such a plan," Shih said.

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