A photograph of a K2 Airways aircraft. — K2 AIRWAYS WEBSITE
KARACHI:
The insurance coverage coverage of the Okay-2 Airways cargo plane that crashed into the deep sea close to Gwadar on July 7 had allegedly expired on the time of the accident, elevating questions on how the plane was allowed to function with out renewed insurance coverage protection.
In response to a doc that has surfaced concerning the insurance coverage of the ill-fated plane, its protection expired on June 24, 2026, roughly 13 days earlier than the crash.
The insurance coverage certificates had been issued on June 24, 2025, and was legitimate for one 12 months, based on sources conversant in the matter. The doc reveals that the plane had 100 per cent all-risk insurance coverage protection. It additionally lists 100 per cent protection for plane legal responsibility, spares, engine, hijacking and different dangers.
In response to the insurance coverage doc, the plane was insured worldwide, apart from sure specified areas.
The reported expiry of the insurance coverage has raised questions in regards to the plane’s operational standing on the time of the accident, notably whether or not its insurance coverage had been renewed earlier than the crash. Questions have additionally been raised in regards to the function of the Civil Aviation Authority (CAA), together with how the plane might have been thought-about airworthy with out renewed insurance coverage protection and underneath which provision of aviation laws it was permitted to function after its insurance coverage coverage expired.
The problem is important as a result of insurance coverage protection is among the many regulatory and operational necessities for plane operation. When approached for its place on the matter, CAA officers stated the Air Operator Certificates (AOC) issued to the airline was out there with the authority.
Nonetheless, they declined to remark particularly on the insurance coverage situation, saying that each one related information had been at present with the investigative board probing the crash.
They didn’t definitively clarify if the plane’s insurance coverage had been renewed after June 24, 2026, or underneath what regulatory provision it was allowed to function if the protection had certainly expired. The doc and the questions arising from it are anticipated to kind a part of the broader examination of the circumstances surrounding the July 7 crash close to Gwadar.
