The discovery of two bombs destined for Chicago from Yemen, but intercepted on cargo planes in Dubai and Britain, will not have a huge impact on the global aviation market, but the event has spurred discussion about supply chain risk assessments.
"There was not an actual loss," said Garrett Hanrahan, chief executive officer of Willis Global Aviation the Americas, as he began to explain the potential market impact. "Also, there is a lot of capacity in the market and that is going to temper underwriters even if they have a desire to move rates up."
According to the latest reports, there almost was a loss involved with the incident. Various outlets have reported that France's Interior Minister Brice Hortefeux said one of the bombs was defused a mere 17 minutes before it was scheduled to go off.
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