Reno Air Races 2012 Clear Latest Hurdle

Bethany Whitfield

Tuesday, May 22, 2012 at 11:00 PM ET

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Key Takeaways:

The 2012 Reno Air Races secured a one-year special permit, conditional on obtaining a $100 million insurance policy and implementing new safety rules.
Event organizers are actively revamping safety policies, incorporating NTSB recommendations such as altering the race course and requiring engineering evaluations for modified aircraft, following the fatal 2011 crash.
Despite facing significant financial challenges, including a $1.5 million loss last year, organizers are committed to preserving the historic event.

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The 2012 Reno Air Races passed a key logistical hurdle last week by obtaining a one-year special permit for the event, further clearing the way for the competition that has remained somewhat shrouded in uncertainty following last year’s fatal crash.

The Reno-Tahoe Airport Authority Board of Trustees approved the permit on Thursday under the condition that the event acquires a $100 million insurance policy and makes any necessary changes to adhere to new safety rules. The Reno Air Racing Authority (RARA) must also cover any additional insurance charges sustained by the Airport Authority because of the event.