British International Helicopters have announced a 10% rise in the costs of fares, largely due to the low confidence in the aviation insurance market.
After last years terrorist attacks in New York, many insurance companies have pulled out of the aviation market, forcing the remaining ones to increase their charges. Sources at BIH have pointed out that their insurance costs have risen by 230% as compared to last year. The above inflation rise in BIH’s tickets is directly linked to this insurance.
BIH were recently forced to back down on plans for a brand new helicopter as it was discovered that fares would have to increase by 200% to make the acquisition viable. Airport charges for British International have also gone up this year due to their own higher insurance.
It is expected that other travel operators running to the Islands will be forced to follow suite for similar reasons. The costs of British International flights are due to rise from this autumn.