In April 2020, two-thirds of global aviation fleets sat idle on runways, but the sector is now rebounding with domestic travel leading the way, according to Allianz Global Corporate & Specialty (AGCS), which noted several issues, such as "rusty" pilots and insect infestations, are now challenging the sector.

"The grounding of worldwide fleets during the pandemic has represented an unprecedented event for the aviation industry," Dave Warfel, a regional head of aviation at AGCS, said in a release. "Airlines have worked tirelessly to maintain their fleets and train their crews during this long period of inactivity and, as insurers, we take a keen interest in working with them to understand their plans to return to service."

(Source: AGCS) (Source: AGCS)

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Steve Hallo

Steve Hallo is managing editor of PropertyCasualty360.com. He can be reached at [email protected]

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