Georgia insures its airspace in “unprecedented” move

From today Georgia’s airspace is insured, meaning if something unexpected happens in Georgia’s airspace, those involved are fully protected.

Today Georgia’s air navigation service provider Sakaeronavigatsia signed a deal with prominent insurance company Unison to insure Georgia’s sky.

The deal was welcomed by Georgia’s Minister of Economy, who noted if any incident occurred in Georgian airspace, third parties were insured and the cost of damages would be reimbursed by Unison, to the value of $500 million USD.

One the one hand this is a commitment we have by joining the European sky, and on the other hand it is necessary for the country to fully manage all potential risks,” said Minister Dimitry Kumsishvili.

Sakaeronavigatsia announced this was unprecedented project in Georgia.

Insuring Georgia’s airspace meant if any incident occurred as a result of Sakaeronavigatsia’s activities (such as a dispatcher sending wrong information to pilots and an accident occurring as a result), the expenses of the incident would be covered for all those involved.

The area of Sakaeronavigatsia’s activities included Georgia’s airspace with the airports, runway and landing zones.

The Unison insurance will cover all Georgian airspace, including over Georgia's breakaway Abkhazia region.

Georgia joined the European sky in 1997.