What is the cost associated with a Class B Mishap?

The classification of a Class B Mishap is defined by the cost of damages incurred during the incident. A Class B Mishap specifically refers to accidents that result in damage costing $600,000 up to $2.5 million. This range captures significant incidents that, while not as catastrophic as Class A Mishaps (which exceed $2.5 million), still indicate a serious level of damage or injury. The classification system for mishaps is crucial in determining the response, reporting requirements, and resource allocation for incident investigations. Understanding this classification helps ensure appropriate safety measures and operational protocols are in place to minimize risk and improve aviation safety.