The aviation industry is one of many sectors that has suffered the shock of the global Covid-19 pandemic. Fleets were grounded and many airlines had to furlough or lay off staff.
As the sector looks to green shoots of recovery, Dzung Nguyen-Tu, Global Chief Underwriting Officer – Aviation and Space at AXA XL and recently appointed to the executive committee of the International Union of Aerospace Insurers, discusses how insurance can enable the industry to keep passengers flying.
• How does the IUAI work and how can such an organisation help in the effort to keep airlines flying?
• How did the Covid-19 crisis affect the airline industry and how can insurance help it to rebuild?
• Initiatives to mitigate the impact of future catastrophic business interruption events on airlines.