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Top insurance companies, such as Tata AIG General Insurance, are competing to provide insurance cover to Tata Group-owned Air India’s fleet for the next financial year (2023-24). This includes insurance cover for new planes that would be delivered in the next financial year.
Insurance executives say a large number of multinational companies based in Europe have met Air India executives in London to discuss the contours of the insurance cover.
Last year, insurance companies jointly provided $12 billion insurance cover to Air India (for its 117 aircraft) and Air India Express (for its 24 aircraft). The airline had paid an
