Kenya Airports Authority lands KES 500M for JKIA fire
02 December 2013, 18:04
Nairobi - APA insurance has today paid KES 500 Million to the Kenya Airports Authority as part of a claim settlement following the August 7, 2013 fire that gutted down the international arrivals terminal at Jomo Kenyatta International Airport (JKIA).
The payment follows a progressive loss adjustment exercise that is expected to quantify the actual loss suffered by East and Central Africa’s largest airport.
Speaking during a media briefing, APA insurance chairman Dr. John Simba noted that the company is keen on settling the full claim once all the necessary papers are submitted.
“The move to have the initial payout is aimed at assisting KAA continue its remedial work and we will expeditiously settle the claim resulting in that unfortunate incident,” said Dr. Simba, adding that they will fast track compensation once they have the full settlement figures.
KAA’s Acting MD Lucy Mbugua stated that the authority is satisfied with the compensation plan derived by the parties involved as the teams await final details that will see the Authority receive final payout.
“Given the number of professionals and specialists involved in evaluating this claim and the extent of damage, collating these independent findings will take time and we have therefore agreed on a part settlement that will be channeled towards finishing pending work in our new arrivals terminal, “she said.
The fire paralyzed operations at the facility causing massive delays for passengers as well as huge losses for airlines.
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