Exploring Aviation Accidents and Related Costs: A Critical Literature Review across Global and Greek Skies (*)

Abstract

According to data from the National Transportation Safety Board (NTSB), the rate of accidents per 100,000 flight hours for U.S. air carriers has significantly declined over time, dropping from 1.77 in 1965 to 0.20 in 1990, and further decreasing to 0.13 in 2020 (NTSB, 2021). [...]in case where the death was associated with a staff member e.g. pilots, the replacement of staff cost becomes relevant i.e. the replacement cost of an Airbus 320 pilot was estimated by Cavka & Cokorilo at 62,127$ (2012), whilst the cost of replacement of an F-16 fighter jet pilot according to the US National Commission on Military Aviation Safety (NCMAS) might be as high as 5.6$ million (NCMAS, 2020). [...]the second source of data in terms of credibility was entailing peer-reviewed articles found in scientific search engines such as Emerald, Proquest, ScienceDirect, Scopus, Web of Science and Wiley. [...]a third source of data, containing non-reviewed articles such as newspapers and web magazines was used, albeit with specific restrictions so as to avert bias.