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point of no return
(redirected from Equitime)

   Also found in: Legal, Wikipedia 0.04 sec.
point of no return [′pȯint əv ¦nō ri′tərn]
(navigation)
A point along an aircraft track beyond which the aircraft's fuel supply will not permit it to return to its own or some other associated base but must continue in attempt to reach its destination.


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The Air Transport Association and Marsh, an insurer, are in the process of establishing Equitime, a captive, backed by the US government as an insurer of last resort.
Various government-sponsored ideas for airline cover, developed over the last twelve months, such as Equitime, Eurotime and Globaltime, wait to be re-visited in the advent of trouble.
A proposed plan, Equitime, will pool the efforts of most of the major carriers in an attempt to cover the risk at a much lower premium.
 
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