Magazine date:
Feb 2012 The year 2011 has seen the aviation loss ratio go down by 45% compared to 2010. It is the lowest loss experience reported in seven years. The cost of aircraft hull and third party liability has attained 1.18 billion USD against 2.14 billion USD a year earlier. It is twice safer to travel by plane today than it used to be fifteen years ago thanks to the improvement of safety standards.