Hull loss accident

Hull loss accident is a type of aviation accident that results in total loss as the damage to the aircraft is beyond repair (economically). It also refers to situations where the aircraft is missing or its wreckage is inaccessible. Airlines generally resort to insurance to cover such losses. Recently, Sriwijaya Air plane, a Boeing 737-500 crashed into the Java Sea. Boeing’s 737 500 jets have been involved in as many as 8 hull loss accidents with a total of 220 fatalities.