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Scheduled Airline News

Airline news. Updated  31st August 2010.

IMPORTANT : As the financial situations of Airlines throughout the world is constantly changing, agents are advised to visit this website on a regular basis. If an agent wishes to discuss any particular airline or requires any guidance relating to a carrier please telephone Marcus Hearn.

Would agents please note cover will not be granted on any 'start up' airline (i.e. an airline that has been trading for less than two full years) without written consent of the Insurers, as well as any airline that has been flying Scheduled services for less than one year.

Aer Arann -- Cover not available with effect from 31st August 2010

Pegasus Airlines -- Cover not available with effect from 6th August 2010

Viking Airlines -- Cover not available with effect from 6th August 2010

Grupo Mexicana de Aviacion -- Cover not available with effect from 3rd August 2010

Cyprus Turkish Airlines -- Cover not available with effect from 17th May 2010

Ghana International -- Cover not available with effect from 13th May 2010

Viva Macau -- Cover not available with effect from 29th March 2010 following financial difficulties

Air Slovakia -- Cover not available with effect from 5th March 2010 following withdrawal of their Air Operators Certificate

Japan Airlines -- Cover re-instated with effect from 22/01/2010 following Japanese Government giving certain assurances (Cover was not available from 14/01/2010 to 22/01/2010 following financial difficulties). However Underwriters will continue to monitor the position and reserve the right to withdraw cover should the position change (please therefore ensure that you visit this website on a regular basis).

Japan Airlines -- Cover not available with effect from 14th January 2010 following financial difficulties (n.b. cover now available, see above).

Alitalia -- Cover re-instated with effect from 5/01/2010

Japan Airlines -- Cover re-instated with effect from 5/01/2010 (Cover was not available from 29/12/2009 to 5/01/2010 following financial difficulties) however Underwriters will continue to monitor the position and reserve the right to withdraw cover should their financial position change.

Flyglobespan - Please note that following our last update (20/11/2009) and the failure of Flyglobespan, cover is no longer available effective 17th December 2009.

Please note that Air Jamaica, which has not had cover available for sales since 27th. October 2007( as shown on this site) has now declared financial difficulties and agents should be aware of any possible risk in relation to tickets issued.

Please note that following a number of calls from agents cover is not available on Arik Air. Although they have had a licence for some time they have only recently started operations out of the UK and are deemed to be a 'start up' carrier.

Flyglobespan - Following the previous update (on 16/11/2009 saying that cover had been cancelled due to financial difficulties) cover has now been reinstated. However a full review of their financial position is being made. Please therefore check this website regularly to keep yourself upto date on the current position regarding this airline (n.b. cover no longer available see later updates above).

Bellview-Cover not available with effect from 7th. September 2009 following financial difficulties.

K D Avia- Cover not available with effect from 7th. September 2009 following financial difficulties.

My Air - Cover not available with effect from 28th July 2009 following financial difficulties and suspension of main licence

SkyEurope Airlines - Cover not available with effect from 20th July 2009 following financial difficulties.

Aviacsa-Cover not available with effect from 7th July 2009 following grounding of flights.

Air Senegal-Cover not available with effect from 27th April 2009 following grounding of all flights.

Capo Verde Airlines- Cover not available with effect from 6th April 2009 following financial difficulties.

Air Comet- Cover not available with effect 26th. March 2009.

Austrian Airlines-Cover has been reinstated with effect from 23rd. March 2009.

Austrian Airlines- Cover not available with effect from 18th. March 2009 following Board's statement on financies.

Australian carrier Sky Air World- Cover not available with effect from 17th. March 2009 following financial difficulties.

East Star- Cover not available with effect from 16th. March 2009 following financial difficulties.

Caribair- Cover not available with effect from 30th January 2009 due to possible safety breaches.

Nordic Airlines- Cover not available with effect from 28th January 2009 following financial difficulties.

Zambian Airways-Cover not available with effect from 12th January 2009 following suspension of flights.

LTE International:-Cover not available with effect from 17th October 2008 following suspension of flights.

Alitalia- Cover not available from 29th August 2008.

Zoom Airlines-Cover not available with effect from 28th August 2008 following financial difficulties.

Euro Manx- With effect from 9th May 2008. See Euro Manx website for other carriers accepting tickets.

Nationwide- Cover not available following the grounding of their aircraft with effect 2nd December 2007.

UK International- Cover not available as a new carrier.

Airblue- Cover not available at the present time.

Air Jamaica - Following press speculation that Air Jamaica will cease flying in or out of the UK after the 27th October 2007, we believe it would be prudent for Agents to review their policy on issuing tickets, where travel either out or to the UK occurs after the aforementioned date until the matter has been clarified. Scheduled Airline Failure will therefore not be operative where the tickets were issued after the 24th May 2007. All cover will still be operative where the tickets have been issued prior to the 25th May 2007, irrespective of the date of travel. We would stress that this is purely a precautionary measure, as no formal announcement has been made by the Airline and this notice should not in any way be taken as a view of the financial standing of the Airline.

Following the reorganisation of Varig and they being recently taken over SAFI cover has been reinstated for the new Organisation

The following Carriers have filed for Insolvency or are in Bankruptcy Protection. They are therefore not covered under the Scheduled Airline Failure Protection policy with effect from the date of filing : -

Nationwide with effect from 29th April 2008, although no cover has been operative since 2nd December 2007

Eos with effect from 26th April 2008, although they have never been covered under the SAFI policy

Oasis with effect from 9th April 2008

City Star with effect from 1st February 2008

Maxjet with effect from 24th December 2007, although they have never been covered under the SAFI policy

Bolivian Carrier Lloyd Aereo Boliviano 4th April 2007

Swedish Carrier FLY ME with effect 2nd March 2007

Spanish Carrier AIR MADRID with effect from 15th December 2006.

Ajet (formely Helios Airways) although principally a charter carrier, ceased operations on the 2nd. November. In accordance with Underwriters terms as a 'start up' carrier scheduled airline failure is not operative.

BWIA have stated on the 8th September 2006 that they will not be operating any further flights after the 31st December 2006. Although they have stated that tickets will be honoured after the 1st of January 2007 by Caribbean Airlines, at the present time no cover is available on tickets issued on BWIA after the 8th September 2006.

Austrian Carrier STYRIAN SPIRIT with effect from 27th. March 2006.

U S Carrier  FLY i INC. with effect from 7th. November 2005

Greek Carrier  OLYMPIC with effect from 18th. October 2005

Swedish Carrier SWEFLY  ceased flying from 2nd. September 2005

Issued by Marcus Hearn. Marcus Hearn is a trading style of CBG Insurance Brokers Ltd (Registered in England 4192327). 65/66 Shoreditch High Street, London E1 6JL. Authorised and regulated by the Financial Services Authority. FSA number 307046. Registered address: Southmoor House, Southmoor Road, Manchester. M23 9XD. © 2006 Marcus Hearn. All rights reserved.

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