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Airlines Face Doubling in War Insurance Premiums After Sudan Losses: Sources

July 26, 2023

Airlines could end up paying twice as much for insurance they need to protect themselves against losses triggered by war after a bruising year wiped out aviation war insurers’ revenue for 2023, industry sources say.

Aircraft were destroyed at Khartoum airport in a conflict between military factions in Sudan that erupted earlier this year, resulting in losses of between $240 and $300 million, according to three aviation insurance sources.

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