Each passenger abroad crashed jet was insured for Rs5m: PIA – Gulf Today

Each passenger abroad crashed jet was insured for Rs5m: PIA – Gulf Today

The ill-fated A320 aircraft that crashed into a thickly-populated neighbourhood near Karachi airport on May 22 was insured for $19.7 million and every passenger was insured for Rs5m each.. "The hull insurance of (the aircraft) AP-BLD 2274 is $19.7 million and the amount will go to the owner (of the plane) from whom the PIA acquired it on lease," spokesperson for Pakistan International Airlines (PIA) Abdullah H. Khan said.. The NICL had insured the entire fleet of aircraft "owned or operated" by the PIA for the period between Dec.30, 2019 and Dec.29, 2020, according to the certificate of insurance posted on the PIA website.. The aircraft in question was owned by the Celestial Aviation Trading 34 Limited, Ireland, which would get the insurance amount, not the PIA..