AWS Accidents

[arefixz]

Hi everyone,

I looked through insurance policy in AWS and as noticed, own aircraft have options of very cheap insurance while leased aircraft insurance uses the most expensive insurance. So ever since you all started playing this game, have anyone of you faced "accident" situation leading to aircraft written off and losses over 100m+ for owned aircraft?

Well, to program such unfortunate event towards random airline, random aircraft, random flight operation, it would be like throwing dices and unfortunate fellow would be selected  . If it based on aircraft condition, its more likely will never happen as everyone will invest in fixing their aircraft and choose the cheapest insurance. Prevention is better than cure .

Moreover, such event would be tremendous and will be listed in the world event/news and I think RI/CI would extremely drop too. What do you guys think? Anyone faced such accident before? or insurance is just a fluke and such accidents never happened ?


* It would be nice event once in a while 2 aircraft from 2 airline collided, damaging both airlines economy and reputation 

[NovemberCharlie]

Accidents are not yet modelled and the insurance page is there as a preparation for when the day comes.
I think the impact should depend on what happened. Basically accidents due to mismanagement should be penalized severely, while those caused by chance (e.g. bad weather, design error) should impact the airline less than the former.

Since I mentioned it: in case of a design error or a pilot error, perhaps we can have global "service bulletins" that airlines will have to adhere to, in order to get their aircraft up to a safe standard or their crew trained a certain way. This adds an unpredictable element, even for airlines who did not suffer directly from the incident.

Furthermore the types of accidents should change by era, 1950-1970 would be more plagued by technical errors, 1970-2000 more by pilot error and post 2000 more by organisational errors. Not saying that other errors won't happen in those era's, just less...

[arefixz]

Well I guess accidents never happened and we don't have to choose the best insurance cause technically there is nothing to be compensated by insurance company. Even if we keep using aircraft up to 40years with lowest technical condition, worst things will happen is just extreme delays and cancellation (technical reason) because accidents causing aircraft written off are not modelled.

[qunow]

Perhaps it would be better to first implement some minor incidents that caused damages to aircraft and require extra maintenance before aircraft can be operate again? This way the impact on airline normal oepration would be reduced.