Dream - Japan Airlines (JAL) estimates that the operational losses after the aircraft caught fire at Haneda Airport, Tokyo, amounted to 15 billion yen or around IDR 1.6 trillion. The Japan Airlines aircraft caught fire after colliding with a Coast Guard aircraft on Tuesday, January 2, 2024. All cabin crew and passengers, totaling 379 people, survived, while five Coast Guard aircraft crew members, who collided with the Japan Airlines aircraft, died. The aircraft captain survived.

According to Channel News Asia, insurance industry sources say that American insurance company, AIG, is the main insurer for policies worth US$130 million, for the two-year-old aircraft that was destroyed by the fire. However, AIG refused to comment.

According to the Aviation Safety Network, this is the first global occurrence of a loss for the Airbus A350 aircraft type. The aircraft, which is mostly made of carbon composites, began commercial operations in 2015.

During the collision, it took the crew 18 minutes to evacuate everyone from the plane and land safely. A spokesperson for JAL said that the majority of the passengers were Japanese, with 43 foreigners confirmed as citizens of Australia, Sweden, Hong Kong, China, and South Korea.