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Hull Loss
A hull loss is an aviation accident that catastrophically damages the aircraft beyond economical repair, resulting in a total loss. The term also applies to situations in which the aircraft is missing, the search for their wreckage is terminated or when the wreckage is logistically inaccessible. The metric of "Hull losses per 100,000 flight departures" has been used throughout the aviation industry to measure the relative risk of a given flight or aircraft. From 1959 to 2006, the first part of the mainstream jet aircraft era, 384 of 835 hull losses, or 46%, were nonfatal. Airlines typically have insurance to cover hull loss on a twelve-month basis. Before the September 11 attacks in 2001, the typical insured sum for a hull loss policy could reach $250 million. Constructive hull loss takes into account other incidental expenses beyond repair, such as salvage, logistical costs of repairing non-airworthy aircraft within the confines of the incident site, and recertifying the airc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Number Of Fatalities From Airliners Hull-loss Accidents Per Year
A number is a mathematical object used to count, measure, and label. The original examples are the natural numbers 1, 2, 3, 4, and so forth. Numbers can be represented in language with number words. More universally, individual numbers can be represented by symbols, called ''numerals''; for example, "5" is a numeral that represents the number five. As only a relatively small number of symbols can be memorized, basic numerals are commonly organized in a numeral system, which is an organized way to represent any number. The most common numeral system is the Hindu–Arabic numeral system, which allows for the representation of any number using a combination of ten fundamental numeric symbols, called digits. In addition to their use in counting and measuring, numerals are often used for labels (as with telephone numbers), for ordering (as with serial numbers), and for codes (as with ISBNs). In common usage, a ''numeral'' is not clearly distinguished from the ''number'' that i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
September 11 Attacks
The September 11 attacks, commonly known as 9/11, were four coordinated suicide terrorist attacks carried out by al-Qaeda against the United States on Tuesday, September 11, 2001. That morning, nineteen terrorists hijacked four commercial airliners scheduled to travel from the Northeastern United States to California. The hijackers crashed the first two planes into the Twin Towers of the World Trade Center in New York City, and the third plane into the Pentagon (the headquarters of the United States military) in Arlington County, Virginia. The fourth plane was intended to hit a federal government building in Washington, D.C., but crashed in a field following a passenger revolt. The attacks killed nearly 3,000 people and instigated the war on terror. The first impact was that of American Airlines Flight 11. It was crashed into the North Tower of the World Trade Center complex in Lower Manhattan at 8:46 a.m. Seventeen minutes later, at 9:03, the World Trade Center’s S ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Total Loss
In insurance claims, a total loss or write-off is a situation where the lost value, repair cost or salvage cost of a damaged property exceeds its insured value, and simply replacing the old property with a new equivalent is more cost-effective. Such a loss may be an "actual total loss" or a "constructive total loss". Constructive total loss considers further incidental expenses beyond repair, such as ''force majeure''. General principles In a total loss, the insurer must indemnify the assured in full, and ownership of the insured item thereby passes to the insurer under the legal process of " subrogation". Although the policy determines the level at which the loss becomes total rather than partial, nevertheless the assured (and NOT the insurer) has the final say as to whether he wishes to make a partial or total claim. If the insured item is, say, a car or a house, the policy will normally give it a "market value" which may be less than the assured had in mind; any disagre ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
List Of Accidents And Incidents Involving Commercial Aircraft
This list of accidents and incidents involving commercial aircraft includes notable events that have a corresponding Wikipedia article. Entries in this list involve passenger or cargo aircraft that are operating commercially and meet this list's size criteriapassenger aircraft with a seating capacity of at least 10 passengers, or commercial cargo aircraft of at least . The list is grouped by the year in which the accident or incident occurred. __NOTOC__ 1910s and 1920s 1919 * July 21 – The Goodyear dirigible ''Wingfoot Air Express'' catches fire and crashes into the Illinois Trust and Savings Building in Chicago, Illinois, while carrying passengers to a local amusement park, killing thirteen people: three out of the five on board and ten others on the ground, with 27 others on the ground being injured. * August 2 – A Caproni Ca.48 crashes at Verona, Italy, during a flight from Venice to Taliedo, Milan, killing all on board (14, 15, or 17 people, according to different ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Depreciation
In accountancy, depreciation is a term that refers to two aspects of the same concept: first, the actual decrease of fair value of an asset, such as the decrease in value of factory equipment each year as it is used and wear, and second, the allocation in accounting statements of the original cost of the assets to periods in which the assets are used (depreciation with the matching principle). Depreciation is thus the decrease in the value of assets and the method used to reallocate, or "write down" the cost of a tangible asset (such as equipment) over its useful life span. Businesses depreciate long-term assets for both accounting and tax purposes. The decrease in value of the asset affects the balance sheet of a business or entity, and the method of depreciating the asset, accounting-wise, affects the net income, and thus the income statement that they report. Generally, the cost is allocated as depreciation expense among the periods in which the asset is expected to be used. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Insurance Policies
In insurance, the insurance policy is a contract (generally a standard form contract) between the insurer and the policyholder, which determines the claims which the insurer is legally required to pay. In exchange for an initial payment, known as the premium, the insurer promises to pay for loss caused by perils covered under the policy language. Insurance contracts are designed to meet specific needs and thus have many features not found in many other types of contracts. Since insurance policies are standard forms, they feature boilerplate language which is similar across a wide variety of different types of insurance policies. Available through HeinOnline. The insurance policy is generally an integrated contract, meaning that it includes all forms associated with the agreement between the insured and insurer.Wollner KS. (1999). How to Draft and Interpret Insurance Policies. Casualty Risk Publishing LLC. In some cases, however, supplementary writings such as letters sent after t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Airworthy
In aviation, airworthiness is the measure of an aircraft's suitability for safe flight. Initial airworthiness is demonstrated by a certificate of airworthiness issued by the civil aviation authority in the state in which the aircraft is registered, and continuing airworthiness is achieved by performing the required maintenance actions. Certification is based on standards applied by civil aviation authorities. Interoperability is served when national benchmarks adopt standards from international civil and military organizations such as International Civil Aviation Organization (ICAO), European Aviation Safety Agency (EASA), NATO and European Defence Agency (EDA). In the U.S., Title 14, Code of Federal Regulations, Subchapter F, Part 91.7 states: "a) No person may operate an aircraft unless it is in an airworthy condition. b) The pilot in command of a civil aircraft is responsible for determining whether that aircraft is in condition for safe flight. The pilot in command shall d ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Marine Salvage
Marine salvage is the process of recovering a ship and its cargo after a shipwreck or other maritime casualty. Salvage may encompass towing, re-floating a vessel, or effecting repairs to a ship. Today, protecting the coastal environment from spillage of oil or other contaminants is a high priority. Before the invention of radio, salvage services would be given to a stricken vessel by any ship that happened to be passing by. Nowadays, most salvage is carried out by specialist salvage firms with dedicated crew and equipment. The legal significance of salvage is that a successful salvor is entitled to a reward, which is a proportion of the total value of the ship and its cargo. The amount of the award is determined subsequently at a "hearing on the merits" by a maritime court in accordance with Articles 13 and 14 of the International Salvage Convention of 1989. The common law concept of salvage was established by the English Admiralty Court, and is defined as "a voluntary succe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Incidental Expenses
''Per diem'' (Latin for "per day" or "for each day") or daily allowance is a specific amount of money that an organization gives an individual, typically an employee, per day to cover living expenses when travelling on the employer's business. A ''per diem'' payment can cover part or all of the expenses incurred. For example, it may include an accommodation allowance or it may only cover meals (with actual accommodation costs reimbursed separately or be prepaid). Travel, particularly by motor vehicles, is often reimbursed at a rate determined only by distance travelled, e.g., the US business mileage reimbursement rate. Fixed ''per diem'' (and ''per mile'') rates eliminate the need for employees to prepare, and employers to scrutinise, a detailed expense report with supporting receipts to document amounts spent while travelling on business. Instead, employers pay employees a standard daily rate without regard to actual expenditure. In some countries, the income tax code specifies a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Aviation Insurance
Aviation insurance is insurance coverage geared specifically to the operation of aircraft and the risks involved in aviation. Aviation insurance policies are distinctly different from those for other areas of transportation and tend to incorporate aviation terminology, as well as terminology, limits and clauses specific to aviation insurance. History Aviation Insurance was first introduced in the early years of the 20th century. The first-ever aviation insurance policy was written by Lloyd's of London in 1911. The company stopped writing aviation policies in 1912 after bad weather at an air meet caused crashes, and ultimately losses, on those first policies. The first aviation policies were underwritten by the marine insurance underwriting community. The first specialist aviation insurers emerged in 1924. In 1929, the Warsaw Convention was signed. The convention was an agreement to establish terms, conditions, and limitations of liability for carriage by air; this was the first ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Asiana Airlines Plane Crash , one of South Korea's two major airlines
**Asiana IDT, an information technology service provider
* Asia (Roman province), a late Roman Republic province also known as Asiana
{{Disambiguation ...
Asiana may refer to: * Kumho Asiana Group, a South Korean conglomerate whose subsidiaries include the following notable companies also with the name Asiana: **Asiana Airlines Asiana Airlines Inc. ( ) is a South Korean airline headquartered in Seoul.Home ." Asiana Airlines. Retrieved 13 September 2 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Airline
An airline is a company that provides civil aviation, air transport services for traveling passengers and freight. Airlines use aircraft to supply these services and may form partnerships or Airline alliance, alliances with other airlines for codeshare agreements, in which they both offer and operate the same flight. Generally, airline companies are recognized with an Air operator's certificate, air operating certificate or license issued by a governmental aviation body. Airlines may be scheduled or Air charter, charter operators. The List of airlines by foundation date, first airline was the German airship company DELAG, founded on November 16, 1909. The four oldest non-airship airlines that still exist are the Netherlands' KLM (1919), Colombia's Avianca (1919), Australia's Qantas (1920) and the Czech Republic's Czech Airlines (1923). Airline ownership has seen a shift from mostly personal ownership until the 1930s to government-ownership of major airlines from the 1940s to ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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