News Middle East22 Feb 2018

Iran:Crashed plane covered by state-owned insurer

| 22 Feb 2018

Iran Insurance has said that it is the insurer of the ill-fated Aseman Airlines aircraft which crashed last Sunday (18 February), killing all 66 on board.

In an announcement, Iran Insurance said that as soon as it was informed that the plane had gone missing, a crisis management meeting was convened, chaired by the Chairman of the board of directors and attended by the airline's CEO and other executives.

Government-owned Iran Insurance, which is the country's largest insurer, said that it would cover the losses arising from the crash.The insurance coverage included hull,as well as liability for passenger injuries and third-party damage. The ATR plane was worth US$3 million, the news agency IRNA reported. The insurer will also pay up to IRR2,100 million (about US$46,000) for each passenger and crew member.

The ATR-72 plane, carrying 60 passengers and six crew members, was flying from Teheran to the southwestern city of Yasuj last Sunday when it went down near the town of Semirom in Isfahan Province. The short-haul passenger aircraft vanished from radar screens roughly 50 minutes after taking off from Tehran's Mehrabad airport, reported Associated Press.

Aseman Airlines, owned by Iran's civil service pension foundation, is a semi-private air carrier headquartered in Tehran and is Iran's third largest airline by fleet size, behind state carrier Iran Air and Mahan Air.

Iran's commercial passenger aircraft fleet has aged under decades of international sanctions. The ATR 72 is a French-Italian aircraft, introduced in the late 1980s. The ATR-72 that crashed on Sunday was built in 1993. Aseman Airlines highlighted last October that the doomed aircraft had been grounded for seven years but would be "repaired and will be operational after checking and testing".

Separately, on 16 February, a Qeshm Air Fokker 100 from Tehran to Mashhad was forced to make an emergency landing after the left main gear could not be deployed. 104 passengers and crew left the aircraft unharmed, via  emergency slides. Iran Insurance also said that it would pay any damages arising from this incident.



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