Paratus & Partners issued its jet fuel insurance policy for an undisclosed southeast Asian airline. The company said it is the first policy of its kind in the world. The airline had engaged with Paratus to cap jet fuel costs, protect margins and stabilise its balance sheet. The insurance product is underwritten by Paratus Aviation Insurance. “This insurance policy mitigates one of the most volatile operational costs in the airline industry,” said Paratus broker Garwyn Lam. “It will be a game changer for how airlines manage jet fuel price risks and a significant innovation shift for the aviation industry. The

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