S'pore extends war insurance for SIA subsidiaries, Changi

S'pore extends war insurance for SIA subsidiaries, Changi

Associated Press Singapore

The Singaporean government said on Friday it will extend war risk insurance to four subsidiaries of flag carrier Singapore Airlines and the operator of Changi Airport for another six months.

Singapore, like the U.S. Federal Aviation Administration and many other governments, has provided its international airport with war and terrorism coverage since the Sept. 11, 2001, hijacked plane attacks in the United States, after which private insurance companies canceled all policies and imposed higher premiums for new ones.

The extended insurance will cover the Civil Aviation Authority of Singapore, which manages Changi Airport, the Transport Ministry said in a statement.

It will also apply to four subsidiaries of the Singapore Airlines Group, including SATS Services, SATS Catering, SATS Security and SIA Engineering Company, the statement said.

Singapore's government-subsidized coverage expired this week, but with the extension it will continue until Oct. 31 this year, the statement said.

The government also previously provided war insurance coverage for Singapore Airlines and its units Silkair and SIA Cargo, but the companies have since obtained policies elsewhere.