World Tourism Organization Secretary-General Mr Francesco Frangialli asked governments to fully support the initiative of…
World Tourism Organization Secretary-General Mr Francesco Frangialli asked governments to fully support the initiative of a global mutual insurance solution in the airline sector. In a letter to the ministers of tourism Mr Frangialli suggested the governments to respond positively to this proposal created by the world aviation community through International Civil Aviation Organization (ICAO) through civil aviation ministries and airlines.
Following the attacks (on 11 September 2001), insurance companies threatened to cancel war risk and anti-terrorism insurance worldwide and whilst that situation was resolved, the insurance market is unwilling to reinstate it in a way which gives stability for airline operations for the future, Mr Frangialli states in a letter recently sent from the WTO Headquarters in Madrid, Spain. This affects all companies and markets but is of particular importance to smaller developing markets whose tourism is entirely dependent on air transport links.
The airline sector, which is fundamental to the long term development of tourism, was one of the hardest hit in the recent tourism crisis.
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