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, contingent upon obtaining a $100 million insurance policy and covering additional insurance charges for the Airport Authority.
Event organizers are actively working to raise funds for the required insurance and implement new safety policies.
Significant safety changes are being made based on NTSB recommendations, including altering the race course, considering g-suit use, and requiring engineering evaluations for modified aircraft, following last year's fatal crash.
Despite previous financial losses and ongoing challenges, organizers remain committed to preserving and holding 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.