As this publication reported shortly after the plane crashed on 29 December, the hull of the aircraft is insured for $41.5mn, which includes $5mn total loss only coverage. Insurance Insider revealed that Axa XL leads the cover with a 15% line on the Gallagher-placed all-risk reinsurance programme.

A Jin Air Boeing 737-800 has finally departed Muan Airport in South Korea after being trapped for 50 days following the Jeju Air accident.

The chief executive officer of Jeju Air Co., Kim E-bae, has undergone police questioning regarding the deadly December crash of the company's passenger jet, which claimed 179 lives, officials said on Monday.