The Australian aviation industry is facing an expanding range of local and global challenges and opportunities. These include changes to airline ownership and alliances, competition, increasing passenger numbers and aircraft movements, heightened public awareness of safety issues, larger and more expensive aircraft, new air traffic control technologies, trans-Tasman harmonisation and airport privatisation.
Deregulation and new regulation, aircrew supply and demand, noise footprint management, and international terrorism also present continuing challenges to the aviation industry.
These issues, as well as day to day business challenges present many risks which, if not properly managed, can have profound consequences, for example:
- Physical risks to aircraft (fixed wing and rotary)
- Personal risks to pilots, crew and passengers
- Ground risks such as health & safety, passenger and baggage security screening, property damage to buildings and aircraft, service continuity and environmental protection of airport surrounds
- Operating risks include food quality management, aircraft air-worthiness and documentation management, security, navigational aid reliability & calibration, industrial relations, aircrew certification, airport infrastructure reliability, fuel quality management and engineering reliability
- Business risks such as liability, securing international landing rights, competition, fluctuations in currency and fuel costs, contract management, compliance and renewal of regulatory consents and dependency on information technology platforms for scheduling, safety verification and reservations
Globally, Marsh has provided risk solutions to the aviation industry for over 60 years. Clients range from helicopter operators to general aviation companies, industrial aid fleets to defence forces, ground handling agents to refuellers, airport operators to civil aviation regulators, as well as repair, catering and maintenance companies.
We combine regional knowledge with the power of our global aviation insurance and risk consulting practices to provide the most effective risk solutions for your organisation.