Fog insurance on the anvil

New Delhi: Air travellers could soon be able to insure themselves against flight delays and cancellations. The recent spell of fog had passengers running for cover and led to huge losses for airlines.
Now, some carriers are looking at the option of offering insurance cover to passengers for a price that would give them the option of opting for the next available flight to destination or hotel accommodation. Air India is learnt to have already started the service.
This would cover any delay or cancellation caused by reasons like fog, technical snags or unavailability of aircraft.
"We are planning to launch our scheme by March-end. Under this, a passenger could get insured for Rs 100 to Rs 150",
said Sanjay Kumar, Spicejet's VP (marketing).
13/01/07 Times of India

To Read the News in full at Source, Click the Headline