Another nail in the airshow coffin
Discussion
Insurance premiums...
'A Battle of Britain commemoration flypast by 20 Spitfires over London has been cancelled after the Shoreham air disaster made the cost of insuring the event unaffordable.
The organisers of the flypast, which they had hoped would happen on September 20, were told they would need third party insurance cover of £250 million, which would have required a premium of around £50,000.
It raises the prospect that air shows scheduled for next year may find the cost of insurance prohibitive as a result of the Hawker Hunter crash at Shoreham, in which 11 people died.'
http://www.telegraph.co.uk/news/aviation/11845584/...
'A Battle of Britain commemoration flypast by 20 Spitfires over London has been cancelled after the Shoreham air disaster made the cost of insuring the event unaffordable.
The organisers of the flypast, which they had hoped would happen on September 20, were told they would need third party insurance cover of £250 million, which would have required a premium of around £50,000.
It raises the prospect that air shows scheduled for next year may find the cost of insurance prohibitive as a result of the Hawker Hunter crash at Shoreham, in which 11 people died.'
http://www.telegraph.co.uk/news/aviation/11845584/...
I'm just wondering what kind of cataclysm could a Spitfire cause that would result in £250,000,000 worth of damage. Even if they all crashed separately that works out at £12.5 million each. How much third part insurance does an A380 carry?
And is it the £250,000,000 figure that's the result of Shoreham or the size of the premium for that coverage?
And is it the £250,000,000 figure that's the result of Shoreham or the size of the premium for that coverage?
I doubt this has anything to do with Shoreham directly.
There's been a no-single engine ruling over the capital in place for years, IIRC, only BBMF get special dispensation (eventually even the RAF weren't allowed to fly Harriers over London!) so given that this was going to involve civvie operated vintage single's I suspect that dispensation was agreed providing adequate insurance cover was in place. Insurance companies are probably not wanting to touch it with a barge pole so end of plan.
There's been a no-single engine ruling over the capital in place for years, IIRC, only BBMF get special dispensation (eventually even the RAF weren't allowed to fly Harriers over London!) so given that this was going to involve civvie operated vintage single's I suspect that dispensation was agreed providing adequate insurance cover was in place. Insurance companies are probably not wanting to touch it with a barge pole so end of plan.
Dr Jekyll said:
I'm just wondering what kind of cataclysm could a Spitfire cause that would result in £250,000,000 worth of damage. Even if they all crashed separately that works out at £12.5 million each. How much third part insurance does an A380 carry?
And is it the £250,000,000 figure that's the result of Shoreham or the size of the premium for that coverage?
The HSBC tower in Canary Wharf last sold for £1B. That's without any people in in. Imagine if they hit the Shard and it collapsed on London Bridge station and the hospital next door. And is it the £250,000,000 figure that's the result of Shoreham or the size of the premium for that coverage?
Nick Grant said:
Imagine if they hit the Shard and it collapsed on London Bridge station and the hospital next door.
Having worked on the design of it - it would take something substantially more than a vintage WW2 fighter to do more than local damage I can assure you of that. Even on a pre-9/11 design, it wouldn't do substantial damage, not saying that there would not potentially be casualties local to the impact, but no way would a WW2 fighter bring down the Shard or pretty much any major modern London tower.A B-25 crashed into the 40 something floor of the Empire State Building in 1942 and did little more than local damage.
When BBMF get the dispensation to fly over London they do so with mapped out diversion locations, and reduce the overflight time to a minimum.
aeropilot said:
Nick Grant said:
Imagine if they hit the Shard and it collapsed on London Bridge station and the hospital next door.
A B-25 crashed into the 40 something floor of the Empire State Building in 1942 and did little more than local damage..
AngryPartsBloke said:
aeropilot said:
Nick Grant said:
Imagine if they hit the Shard and it collapsed on London Bridge station and the hospital next door.
A B-25 crashed into the 40 something floor of the Empire State Building in 1942 and did little more than local damage..
You think you have guts ....... Check this out at 1minute 20 seconds. Blimey.
https://www.youtube.com/watch?v=CodLDGhTe0k
AngryPartsBloke said:
aeropilot said:
Nick Grant said:
Imagine if they hit the Shard and it collapsed on London Bridge station and the hospital next door.
A B-25 crashed into the 40 something floor of the Empire State Building in 1942 and did little more than local damage..
The Moose said:
AngryPartsBloke said:
aeropilot said:
Nick Grant said:
Imagine if they hit the Shard and it collapsed on London Bridge station and the hospital next door.
A B-25 crashed into the 40 something floor of the Empire State Building in 1942 and did little more than local damage..
Even my public liability insurance covers me for up to £1mil, and I ain't a spitfire.
The Selby Rail crash lead to a potential £50m claim, this was a fairly straight forward accident, so things can escalate very quickly
http://www.standard.co.uk/news/million-to-one-acci...
http://www.standard.co.uk/news/million-to-one-acci...
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