What is the monetary threshold for a Class B Mishap?

A Class B Mishap is defined by a significant level of damage and consequences, specifically concerning monetary thresholds. For a mishap to be classified as a Class B incident, the estimated damage must be $500,000 or more but less than $2,000,000. This represents a middle tier of incidents that indicate substantial damage or injury but do not reach the extreme levels associated with Class A Mishaps, which involve damages of $1,000,000 or more.

Understanding this classification is critical for maintaining safety standards in aviation operations and ensuring appropriate responses to incidents. The thresholds serve to categorize mishaps, helping organizations implement corrective actions, investigations, and safety improvements to prevent future occurrences.