Word: eighteenfold
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Dates: during 1969-1969
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There is no guarantee that MEA's recovery will last. Chartering planes is expensive and cuts into flight profits. Since the Israeli attack, Lloyd's has increased MEA's premiums for war-risk coverage eighteenfold, and has imposed a ceiling on what it will pay henceforth: a maximum of $8,150,000 each for no more than two airplanes. Lloyd's is imposing similar conditions on Israel's El Al and all other airlines operating intensively in the Middle East area...
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