Yemen Monitor/ Newsroom/Reuters:
Four high-level sources in the aviation market told The Insurer service that the aircraft belonging to Yemenia Airways, which were destroyed in an Israeli airstrike on Yemen’s Sana’a International Airport on Tuesday, were uninsured.
The Israeli military carried out an airstrike on Yemen’s main Sana’a airport on Tuesday after the Iran-aligned Houthis launched a missile that landed near Israel’s Ben Gurion Airport.
The Israeli military said, referring to the Yemen airport, “The strike was carried out in response to the attack launched by the Houthi terrorist regime on Ben Gurion Airport. Runways, aircraft, and infrastructure at the airport were hit.”
An official at Yemenia Airways told Reuters that three of the company’s aircraft were damaged, according to an initial assessment.
Four senior sources in the aviation market said the aircraft damaged in the attack were uninsured and had been parked at Sana’a Airport for months.
These sources added that Price Forbes company handles all-risks coverage for Yemenia Airways. A well-placed broking source confirmed this.
The lack of insurance on these aircraft means there will be no immediate impact, but a senior broking source in the aviation sector said the incident has reaffirmed wider market concerns due to the geopolitical turbulence facing aviation insurers on a number of fronts.
Another source pointed to the Russian war in Ukraine and the escalation this week between India and Pakistan as examples. Two high-level sources in the aviation market said that no insurers have yet issued notices regarding the disruptions between India and Pakistan.
Price Forbes declined to comment. Yemenia Airways has not yet responded to a request for comment.
