Omniasig wins Romavia contract

Omniasig will insure the aircraft of Romavia airline and its liability toward third parties, passengers, luggage and commodities derived from all its air transport-related operations, the risks of war and terror attacks inclusive in 2004. The insured amount is $361 million. Bogdan Leustean, an executive with Omniasig said the annual premium Romavia would pay was worth $770,000. The tender organised by Romavia saw several qualification documents submitted by Ardaf Cluj-Napoca, Astra and Omniasig insurance companies. Astra and Omniasig qualified for the second stage based on the analysis of the documentation and submitted bids. Astra’s bid was rejected as unsuitable and Omniasig was declared winner, Romavia says. Omniasig was also awarded this year’s insurance contract following a tender, with the insured amount similar to the one in 2004. Romavia holds and operates its own aircraft fleet, comprised of one Boeing 707, three Bac 1-11s, two IL-18 cargo aircraft it has rented abroad and two MI-8P helicopters. It also provides crew and maintenance services for seven other executive aircraft (a Boeing 727 and six BAC 1-11s) held by third parties. ZF