On August 20, 2008 a Span Air MD 87 crashed on take-off at Barajas Airport in Madrid. This crash resulted in 154 deaths and 18 survivors. The Official version of the accident claiming pilot error alone, there may be some

Aviation Insurance offers protection against a wide array of perils, dangers, risks and damage to policyholders. Some of the risks covered by aviation insurance includes turbulent weather, terrorist activities leading to highjacks, mysterious disappearance of flights, auto/technical failure, or plane crash etc. The different aviation insurance policies, which cover such risks are: (i) Inflight coverage (when a plane is in mid-air). (ii) Hull all risk (for flying clubs which operate small planes, private jets of celebrities and covers physical loss/damage of the insured plane). (iii) Hull/spares war risk (Damage resulted by anti-social activities). (iv) Loss of license (for aircraft crew members to hold a valid license). (v) Spare all risk insurance policies (for spares, tools, equipment etc.). (vi) Aviation personal accident (for crew member injury, disablement or death due to accident).