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The Aviation Insurance Landscape

This is a re-post from Assured Partners Aerospace’s 2nd quarter Newsletter. The full newsletter can be found on Assured Partners website.


Until the war in Ukraine, the aviation insurance market could be described as “stabilizing” after a couple years of volatility with higher premiums and tighter underwriting. However, and hopefully perhaps only for the short-term, the Ukrainian war immediately brought uncertainty back into the worldwide aviation insurance market. 

According to Business Insurance, “the impact of Russia’s invasion of Ukraine represents the biggest potential loss to the aviation war market since 9/11.” One leasing firm alone has reportedly already filed a claim of approximately $3.5B for aircraft and engines they say have effectively been seized by Russia. And, because the aviation insurance arena is so small, what happens around the world at this magnitude can have cascading, detrimental effects on the US aviation insurance market.

In addition, the well-publicized spike in fuel prices could have another cooling effect on aviation operations. Generally, less air activity combined with higher operating costs equates to more frequent requests for reduced coverage, taking premium dollars away from an already-small market.

Aviation insurance buyers should therefore remain on the alert throughout 2022 for potentially quick changes to the aviation insurance marketplace that might affect either their current insurance program or their next renewal.


See our recommended insurance agencies on our Aircraft Acquisitions page.

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  • Conroe, TX CPPP

    The Cirrus Pilot Proficiency Program (CPPP) will be coming to the Galaxy FBO at the Lone Star Executive Airport in Conroe, TX again this year.  The dates of the event will be October 14th-16th.

    Wondering what the CPPP program is?

    “CPPP offers a weekend event for Cirrus owners and their partners that focuses on Cirrus-specific knowledge and flying proficiency.  We bring some of the most experienced flight instructors who regularly teach in all kinds of Cirrus airplanes flown for all kinds of missions.  We have prepared an extensive syllabus of ground courses that complement the transition training and delve into areas of greatest need for Cirrus pilots.” (from CirrusPilots.org)

    CPPP

    The weekend starts off with a group dinner on Friday night. The Saturday morning ground session focuses on General Aviation Safety with special focus on the Cirrus accident statistics.  Normal and emergency procedures are also reviewed.

    In the afternoon on Saturday, the attendees are split into two groups.  The first group has a myriad of options for ground sessions covering all topics related to Cirrus aircraft and operations.  The second group flies, then they switch for the second 3 hour session.  Sunday brings the same split, with more courses offered and more flying.

    While the Cirrus pilots are flying and learning more about their airplanes, CPPP offers a Partner in Command course for flying partners on Saturday.  This allows flying partners to be more comfortable in the airplane and teaches them what to do if something were to happen to the pilot.

    All in all, attending a CPPP will improve both Cirrus knowledge and Cirrus flying skills.  It’s highly recommended for all Cirrus pilots.

    To register for the CPPP event in Conroe, check out the CPPP website.

  • 2022 MMOPA Convention

    MMOPA announced the location for the 2022 MMOPA Convention. The 2022 Convention will be in Tucson, Arizona and will take place September 29th-October 2nd, 2022. The JW Marriott Starr Pass will be the host resort.

    Thursday, September 29th will kick off the convention with a safety event for pilots and companions, lunch with exhibitors, and the return of the charity golf tournament.

    Friday, September 30th and Saturday, October 1st will be when all the classes and seminars that make the MMOPA convention great are held. The Friday dinner will be at an aviation themed spot in Tucson while the annual auction and black tie affair will be Saturday night.

    Stay tuned to the event details page on the MMOPA website to see when registration is opened.

  • Matching the Airplane with Your Mission

    Has it come time to buy your first airplane?  Have the skies been calling your name?  Or are you just tired of standing in the airport security line then getting shoved in a long metal tube with no leg room?  Or, maybe you are a businessman who does business in remote areas that have local airports but are hard to get to commercially.

    Wherever your need is, you have decided it’s time to make a purchase.  If you are familiar with aviation, you may have an airplane in mind that you would like to have, but is that the right airplane for your mission?  If you are new to aviation, you may have no idea what airplane to go for.  Here are some helpful hints in narrowing down the different airplane options out there to fit your specific mission.

    Flying For Enjoyment, but Not Going Far Fast

    Piper Cherokee

    If you’re just a weekend flyer who is tired of dealing with flight school rentals, but you don’t need to carry a lot of people or go very far, your options are pretty numerous.  Anything from a Cessna 152 to a Piper Cherokee, maybe a Beech Sundowner, or a Bellanca Viking, or anything in between.  If you are content with taking a weekend hop for a hamburger at 100-110 knots, you have limitless options for airplanes.  Tailwheels (Cubs, Citabrias, Huskies) are excellent birds for you well.

    Getting Places Fast With Only You and Maybe One Passenger

    Need to go 200-300 miles fast and not worried about weight?  A Cirrus SR22T, a Columbia 400, or Cessna Corvalis might be just what you need.  Cruise speeds on those are all around 180-190 knots at 10,000 feet. All are oxygen equipped if you want more speed higher up, as the service ceilings are 25,000 feet.  Payloads run in the range of 400-500 pounds with full fuel.  All these have air conditioning options, too.

    Hauling More Weight, but Still Need the Speed?

    Cessna 206 Mission

    A little slower (150-170 knots) but a little bit more payload options are A36 & B36 Bonanzas, Piper Saratogas, Cessna 206s, or Cessna 210s might suit your fancy.  All come in turbo models if you are a high elevation dweller.  The Cessna 206 has been used for many years as cargo and people haulers in remote regions like Alaska, South America, and Africa.  I’ve even seen pictures of snowmobiles being carried in a 206.

    Tired of Oxygen Cannulas?

    The next step up from a Cirrus, Corvalis, or Saratoga is the Piper Malibu.  A bigger brother to the Saratoga, the different PA-46 models offer one of the best options for a single engine piston out there.  All except the Matrix (PA-46-350T) are pressurized, all the pistons cruise about 200 knots, and all are configured with club seating with plenty of leg room.  Useful loads range around 1200-1400 pounds (they hold 120 gallons of fuel, so payloads range from 480-680 pounds).  The original Malibu (PA-46-310P) only burns 16.5 GPH so that allows partial fuel to be carried to allow more people and bags.  All have 6 seats.

    Need to Carry Even More Weight?

    It’s time to get into the piston twin market, then.  A Cessna 414, a Cessna 421, a Cessna 340, a Beech Duke or a Beech Baron are all pretty good options here.  The 421 and the 414 have the largest cabins, while the Duke has the highest useful load.  Cruise speeds range from 200-220 knots, but the cabin is roomier and you get a few more pounds useful load than a piston single.  If you do get into a 421, get good training as they are equipped with Continental geared engines, which can be tricky to operate if you don’t know what you are doing.

    Need to Carry a Lot of People and Go Fast?

    Turboprops are the way to go for you.  King Airs have the most utility while  the Pilatus PC-12 is the cream of the single engine turboprop crop as you can put almost anything you want in it.  If you have 4-5 passengers, stay away from a Piper Meridian as you can’t carry a lot of weight.  Those are better for 2-3 passengers at the most (plus a pilot).  The TBM 900 is pricey, but fast (300-325 knots).  The original TBM 700 can be had for under a million bucks, you get 280 knots, and a very usable useful load.  You still can’t fill all 6 seats with full fuel, but you can do more with it then a Meridian.

    Have a Boatload of Money Sitting Around?

    A jet might be for you then.  Fuel, insurance, maintenance, and hangar costs are high, but jets will get you places real fast with room for all your friends and family.

    Gulfstream

     

  • Removing a Hold on Foreflight Approach

    I’m a big fan of having my Foreflight map always match up exactly with the way I am flying. Having a Flight Stream in the airplane helps a lot with that as it always prompts me to load the new flight plan from the GPS into my Foreflight map. When I load an approach in the GPS flight plan, Foreflight will put it into my Foreflight flight plan via the Flight Stream.

    The problem I run into on Foreflight is when there is a published hold at the Initial Approach Fix (IAF), but ATC has told me to fly the straight in approach and skip the hold. Up until recently, I didn’t think there was a way to set up a straight in approach on Foreflight, so I just settled for the hold staying on there.

    Not anymore! There is a simple trick that I discovered that allows you to remove the hold from the Foreflight flight plan. Here’s how to do it.

    Load the Approach

    The first step is still to load the approach into your Foreflight flight plan on the Map page. In this scenario, we are flying from KAQO, the Llano Airport, to KHYI, the San Marcos Airport. Austin Approach has told us to expect the straight in RNAV 17 KHYI via PUKIY. So, on Foreflight, we have KAQO and KHYI in our flight plan. Then, I tap the Procedures button on the upper right hand corner of the screen. I then tap Approach, then RNAV 17 KHYI. Then I select my transition.

    The options given are either PUKIY with the hold, seen below;

    Or Vectors to Final, which lines me up inside of PUKIY. Neither of these are what I want.

    But, to get this to work, I select PUKIY, then tap add to route. Now we have our approach loaded into our flight plan.

    Removing the Hold

    The RNAV 17 is now in the Foreflight flight plan, but the hold is displayed at PUKIY. To remove the hold, the first step is to tap the approach in green and a menu pops up.

    The 7th option down is “Remove Hold in lieu of PT.” Eureka! Tap that, then the approach is displayed without the hold. Houston, we have success! It even says “NoPT” in the flight plan.

  • Texas Air Travelers Mandated to Self-Quarantine

    Texas Air Travelers From Designated Areas Only

    On March 30th, Texas Governor Greg Abbott issued an Executive Order mandating that all travelers (including Texas air travelers operating or traveling in private aircraft) from the following designated areas were to self-quarantine for 14 days (or the extent of their stay in Texas, whichever was shorter) upon entering the State:

    • California
    • Louisiana
    • Washington State
    • Atlanta, Georgia
    • Chicago, Illinois
    • Detroit, Michigan
    • Miami, Florida

    If you traveled to Texas by air from any of the above designated areas, you are required to fill out the Arrivals from Areas Designated for Mandatory Self-Quarantine Form. Failure to do so could lead to a $1,000 fine or 180 days in jail, or both. For private aircraft owners/operators, put your Tail Number in for Flight Number and “Private” for Airline.

    Aircraft owners, stay away from the designated areas listed above and you won’t have any worries. A lot of you reading this are from Texas, so make Louisiana a fly over state for now and don’t make any landings in Cajun country.

  • Learning From Other’s Mistakes:  An Overview of the 2024 Piper PA-46 Accidents

    The Piper PA-46 series, which includes models like the piston engine Piper Malibu and Piper Mirage, and the turboprops Piper Meridian, M500, and M600, is a popular choice for private pilots and business aviation. Known for its impressive speed, range, and pressurization, the PA-46 is a very capable single pilot aircraft. However, like all high-performance aircraft, it presents its own set of challenges and risks, especially when pilot error or adverse conditions come into play.

    The 2024 PMOPA (Piper M-Class Owner’s and Pilot’s Association) Convention was the first weekend in November and one of the sessions every year is the PA-46 Safety Review.  Sadly, in 2024, the accidents involving various PA-46 models pointed out several areas related to decision making that all pilots need to put be aware of. These accidents highlight critical issues in weather awareness, pilot training, and decision-making, and they provide valuable lessons for other pilots in any type of aircraft.

    Overview of the 2024 Piper PA-46 Accidents

    The Piper PA-46 is generally regarded as a reliable and capable aircraft, but the safe outcome of a flight often times depends on the pilot’s decision making.  There always can be mechanical malfunctions, but those still require good pilot decision making to be able to walk away from the accident.

    In 2024, multiple accidents occurred involving different variants of the PA-46, with many of the accidents occurring during critical phases of flight like takeoff or landing. Some of the key factors contributing to these accidents included:

    1. Weather Challenges: In several cases, adverse weather conditions, such as low visibility, thunderstorms, or high winds, contributed to accidents. Despite most PA-46’s being equipped with NexRad and weather radar, pilots sometimes underestimated or misjudged the weather risks.
    2. Pilot Decision-Making: A recurring theme in these accidents was pilot error—specifically, poor decision-making when faced with challenging conditions. In some cases, pilots continued flights despite deteriorating weather or failed to react appropriately to emergency situations.
    3. Mechanical Failures: As with every airplane, systems fail on a Piper PA-46.  Several accidents were due to engine power loss.  Proper training teaches pilots how to have the right mindset and skills to handle those engine power loss situations, taking a bad situation and having the best possible outcome due to good decision making and gliding skills.

    Three Key Lessons for Pilots

    The Piper PA-46 accidents of 2024 serve as valuable reminders about the importance of pilot preparation, decision-making, and risk management. Here are three critical lessons pilots can take away from these accidents:

    1. Prioritize Pre-Flight Weather Planning

    Poor weather conditions were a significant factor in some of the crashes in 2024. Pilots of high-performance aircraft must place a strong emphasis on weather pre-flight planning, especially when flying into regions prone to rapidly changing weather or severe conditions and across frontal systems. Pilots should:

    • Stay up-to-date with weather briefings before and during the flight, including calls to Flight Service Station if there is serious weather along the route.
    • Be proactive in altering flight plans or delaying departures when weather conditions become unfavorable.
    • Utilize onboard weather radar and other tools to monitor changing conditions in real time and avoid nasty looking weather systems.  ADS-B and XM Weather are delayed information.  They are not meant to be used to find holes through storm systems.
    • Finally, don’t try to shoot through holes!  They are called sucker holes for a reason.

    2. Master Emergency Procedures

    Pilots of all aircraft, not just PA-46 models, need to practice engine-out procedures multiple times a year with an instructor, not just at recurrent training.  The goal is to make emergency procedures second nature which creates the right mindset to handle the emergency, creating a much better outcome. Training should focus on:

    • Engine-out procedures immediately after takeoff, climbing out at low altitude, and at cruise.
    • Performance with the propeller feathered and unfeathered, recognizing how the feathered prop increases glide range.
    • Practicing forced landings and other emergency scenarios regularly to build confidence and competence.

    3. Always Plan for an Emergency Landing

    It is very important to know your options in the event of an emergency. When flying over mountainous or remote areas, pilots should always have a contingency plan for where to land if something goes wrong.  An emergency engine out brief should be a part of every pre-takeoff briefing to put the pilot in the right mindset. Pilots should:

    • Brief an engine failure on the runway, low altitude, and at an altitude that allows for a safe return to the airport in the event of an engine failure as part of every pre-takeoff briefing.
    • Study the flight route in detail and identify suitable emergency landing sites along the way, especially when flying in areas with limited options.
    • Consider the terrain, weather conditions, and available options in the event of an engine failure or other emergency.
    • Use terrain awareness and other onboard tools to help identify suitable landing areas in real-time, including the ForeFlight Glide Advisor.

    Conclusion

    The Piper PA-46 series, while a capable and reliable aircraft, demands a high level of skill and preparation from its pilots. The accidents in 2024 serve as a sobering reminder of the critical importance of weather awareness, emergency training, and proper flight planning. By learning from these accidents, pilots can make better decisions, have the right mindset, and reduce the risk of similar accidents in the future.

    By prioritizing weather awareness, mastering emergency procedures, and always having a contingency plan for forced landings, pilots of the Piper PA-46 can improve their ability to handle the challenges posed by these high-performance aircraft. These lessons are not just for PA-46 pilots, but for all pilots striving to fly safely and confidently.

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