What is the cost associated with a Class B Mishap?

In aviation safety and mishap reporting, Class B Mishaps are categorized by the cost of the damages incurred. A Class B Mishap is defined as an incident that results in a total cost of damage of $600,000 up to $2.5 million. This classification helps organizations assess the severity of incidents and allocate resources for safety improvements, investigations, and training efforts. Understanding these categories is critical for maintaining safety standards and making informed decisions about risk management in aviation operations. This specific monetary range establishes the threshold for Class B Mishaps and is utilized across various organizations to ensure consistency in reporting and response.