presentation for fundamentals of marine and aviation insurance

1. JURNAL NEWSPAPERCUTTINGS
GROUP MEMBERS:
LiewYiYang
Mohd Aswadi Ismail
Norhashimah Binti Mohd Ismail
Nur Azila Binti Ruslin
Nur AsyillahAisyah

3.  disappeared on 8 March
2014
 flying from Kuala Lumpur
International Airport near
Kuala Lumpur, Malaysia,
to Beijing Capital
International Airport in
Beijing
 carrying 12 Malaysian
crew members and 227
passengers from 15
nations

4.  All 12 crew members
were Malaysian citizens.
Two pilots were among
the crew
 pilot in command was
53-year-old Captain
ZaharieAhmad Shah
from Penang

5.  MalaysiaAirlines issued a media statement at
07:24, one hour after the scheduled arrival
time of the flight at Beijing, stating that
contact with the flight had been lost by
Malaysian ATC at 02:40 and that the
government had initiated search and rescue
operations

6.  The Boeing 777, introduced in
1994, is generally regarded by
aviation experts as having a
safety record that is one of the
best of any commercial aircraft
 Since its first commercial flight
in June 1995, there have been
only four other serious
accidents involving hull-loss

7. The initial search area in Southeast Asia

9.  Malaysia set up a Joint InvestigationTeam (JIT),
composed of specialists from Malaysia,
Australia, China, the UK, the US, and France
 aircraft and satellite experts:
 Air Accidents Investigation Branch (UK),
 Boeing (US),
 Defence Science andTechnologyOrganisation
(Australia),
 Department of Civil Aviation (Malaysia),
 Inmarsat (UK),
 NationalTransportation Safety Board (US)

10.  A month after the disappearance, Malaysia
Airlines' chief executiveAhmad JauhariYahya
acknowledged that ticket sales had declined
 In China, where the majority of passengers
were from, bookings on MalaysiaAirlines
were down 60 percent in March

11.  Malaysia Airlines retired
the Flight 370 (MH370)
flight number and replaced
it with Flight 318 (MH318)
beginning 14 March
 The flight Malaysia
Airline's second daily flight
to Beijing was later
suspended beginning 2
May, due to lack of
demand

12.  MalaysiaAirlines would still be vulnerable to
civil lawsuits from passengers' families
 regardless of fault, to a payment of
approximately US$175,000 from the airline's
insurance company—a total of nearly US$40
million for the 227 passengers on board

13.  The first lawsuit related to the disappearance
was filed in October 2014–before Flight 370
was declared an accident–on behalf of two
Malaysian boys whose father was a passenger
for negligence in failing to contact the aircraft
soon after it was lost and for breach of
contract for failing to bring the passenger to
his destination

14.  Malaysian Airlines offered ex
gratia condolence payments
soon after the disappearance
 In China, families of
passengers were offered
¥31,000 (about US$5,000)
"comfort money but some
families rejected the offer

15.  Malaysia's deputy Foreign Minister Hamzah
Zainuddin said that families of seven
passengers received $50,000 advance
compensation from Malaysia Airlines
 but that full payout would come after the
aircraft is found or officially declared lost

16.  Some Chinese have boycotted all things
Malaysian, including vacations and singers, in
protest of Malaysia's handling of the Flight
370 investigation
 Bookings on Malaysia Airlines from China,
where the majority of passengers were from,
were down 60 percent in March

17.  The boycotts have largely been led or
supported by celebrities
 Film star Chen Kun posted a message to
Weibo where he has 70 million followers
 The post was shared over 70,000 times and
drew over 30,000 comments
“I...will start a boycott from my inner heart on any commercials and
travel relating to Malaysia.This will last...until the Malaysian
government takes down their clown-like mask and tells the truth”

18.  Over 337,000 people
retweeted a tweet fromTV
host Meng Fei , which said
"I’ve never been to Malaysia and I do
not plan to go there in the future. If
you feel the same, please retweet
this message

19.  Coincidentally,China and
Malaysia had dubbed 2014
to be the "Malaysia–China
FriendshipYear" to
celebrate 40 years of
diplomatic relations
between the two countries