Japan Airlines Airbus A350 Loss Valued At About $105 Million

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According to estimates, the complete loss of the two-year-old aircraft will cost the airline $105 million.

Photo: KITTIKUN YOKSAP/Shutterstock

Japan Airlines estimates that the hull loss of the A350-900 will cost ¥15 billion ($104.81 million) after the aircraft caught fire in a collision with a Japan Coast Guard aircraft on the runway.
AIG is the lead insurer on a $130 million "all-risks" policy that mainly covers hull damage for the Japanese aircraft.
The Airbus A350-900 involved in the accident was delivered to Japan Airlines two years ago and primarily operated on domestic and short-haul routes.