Lloyds Insurance of London have informed the government that they have decided to withdraw the additional insurance surcharge imposed on Colombo bound flights.
Last week the insurance underwriters decided to impose an additional surcharge of 400 percent on Colombo bound flights. The insurance hike was believed to have been linked to security concerns following the terrorist attacks in the US and its fallout in the region.
Emirates and Gulf Air responded by suspending their flights to Colombo. With the removal of the surcharge Emirates are expected to resume services between Colombo and Dubai from next week. Other airlines are also expected to follow suit.
Global insurers first increased war risk premia on ships and aircraft calling at Colombo soon after the LTTE terrorist attack on Colombo’s International Airport and adjoining Air Base on July 24.
The International Civil Aviation Organisation (ICAO) has officially expressed their overall satisfaction regarding the security arrangements at the Bandaranaike International Airport (BIA).
Currently a team of experts from Trident Maritime UK and another company hired by Lloyds are in Sri Lanka doing an independent security audit on the BIA, and the seaports in Colombo, Galle and Trincomalee.
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