OREANDA-NEWS. Ingosstrakh Insurance Company paid the reinsurance indemnity in the amount of over 552 thousand dollars in connection with the total loss of a MI-8T helicopter owned by A-Jet Aviation LLC Airlines.

The insured event occurred on October 18, 2013, when the helicopter was landing in the Minzu region (Mongolia). As a result of the violent air flows in the mountainous area the helicopter fell on its right side and was seriously damaged.

The damage to the helicopter was classified as constructive total loss of the aircraft. Ingosstrakh Insurance Company recognized the incident as the insured event, and the company paid reinsurance compensation pursuant to the CASCO (hull insurance) policy of the aircraft in the amount of USD 552,900 pursuant to the terms of the reinsurance contract between Ingosstrakh Insurance Company and Bodi Insurance LLC, a Mongolian insurance company.