Press Release

Issued by Mountfitchet Risk Solutions.

March 15, 2016

Mountfitchet Risk Solutions is launching its flagship insurance policy for private jet operators, offering them protection in the event of an 'aircraft on ground' (AOG) situation.

AOGs can put a real strain on client relationships causing delays or cancellations to schedules that may have been planned months in advance. This new innovative offering aims to limit these potential disruptions to a minimum and to help the operator to find a replacement aircraft.

The bespoke AOG Protect policy has been put together by Mountfitchet Risk Solutions in association with Aon Benfield and Swiss Re and covers up to 30% costs in addition to the original value of the charter. It covers everything from mid-flight diversions due to a mechanical problem, to technical issues on the ground and even crew sickness.

Oliver Clarry-Risk, managing director of Mountfitchet Risk Solutions, says: “This policy is all about helping private jet operators protect their client relationships. We can put their minds at ease when it comes to majorly disruptive problems. It will help to cover additional costs for a replacement aircraft to perform the flight, or series of flights, that is affected.”