Commercial drone use to soar in the US, FAA predicts

Commercial drone use to soar in the US, FAA predicts

Commercial drone use to soar in the US, FAA predicts

The US commercial, non-hobbyist drone (or Unmanned Aircraft Systems) fleet is forecast to grow from 42,000 at the end of 2016 to about 442,000 aircraft by 2021, with the possibility of as many as 1.6 million UAS in use by 2021, according to the Federal Aviation Administration. Pilots of commercial UAS vehicles are expected to increase from 20,000 at the…

Willis Towers Watson completes purchase of French aviation broker OAAGC

Willis Towers Watson completes purchase of French aviation broker OAAGC

Willis Towers Watson completes purchase of French aviation broker OAAGC

Willis Towers Watson has completed the acquisition of French aviation broker OAAGC, to make it the leading aviation intermediary in France. Under the terms of the deal, first announced last month, OAAGC’s 16-strong team and book of business will transfer to Willis Towers Watson’s global aerospace unit. OAAGC was 40% owned by Gras Savoye, part of the Willis group since…

Willis Towers Watson to buy French aviation broker

Willis Towers Watson to buy French aviation broker

Willis Towers Watson to buy French aviation broker

Willis Towers Watson is in talks to buy the French aviation business and 16-strong team of broker OAAGC. OAAGC is 40% owned by Gras Savoye, part of the Willis group since its acquisition in December 2015. OAAGC’s origins date back to 1898 and the firm has worked in partnership with Willis Towers Watson. The relationship was consolidated by the acquisition…

Credit insurer ATI backs Ethiopian Airlines US$159m fleet expansion

Credit insurer ATI backs Ethiopian Airlines US$159m fleet expansion

Credit insurer ATI backs Ethiopian Airlines US$159m fleet expansion

The African Trade Insurance Agency (ATI) has concluded its first deal in Ethiopia, backing a US$159m loan from the African Development Bank (AfDB) to fund Ethiopian Airline’s fleet expansion with the purchase of an Airbus A350-900 jet. ATI sees this as an important step for backing future AfDB projects across the continent. Ethiopian Airline’s aggressive expansion strategy includes doubling its…

Tokio Marine Kiln launches online drone insurance

Tokio Marine Kiln launches online drone insurance

Tokio Marine Kiln launches online drone insurance

Tokio Marine Kiln (TMK) has added Unmanned Aerial Systems (UAS) insurance to its One TMK digital exchange. Brokers can now quote and bind UAS policies online in real time from any location. The product, which TMK says features an enhanced policy wording, will be available immediately subject to agreed business terms with TMK and licensing. The One TMK digital exchange…

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