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(From Reinsurance)
The aviation market has been in the news over the month of August as five losses in quick succession have shattered the peace of what was otherwise shaping up to be an exceptional year.
First, on the 2nd of August, an Air France Airbus A330 overran a runway, smashed down a hill and caught fire attempting to land at Toronto's Pearson International Airport in the afternoon. All 297 passengers and 12 crewmembers got out in one piece, but the hull was a total loss, and the compensation bill will be considerable.
Then, just two days later, a Tuninter ATR 72 carrying Italian holidaymakers on a charter flight from Bari, Italy to ...