IATA announced that the 2011 accident rate for Western-built jets was the lowest in aviation history, surpassing the previous mark set in 2010.The 2011 global accident rate (measured in hull losses per million flights of Western-built jets) was 0.37, the equivalent of one accident every 2.7 million flights. This represented a 39% improvement compared to 2010, when the accident rate was 0.61, or one accident for every 1.6 million flights. A hull loss is an accident in which the aircraft is destroyed or substantially damaged and not subsequently repaired for whatever reason including a financial decision by the owner.
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