This paper illustrates a technique that may be used to evaluate the risk of structural failure of each aircraft in a fleet when a crack has been detected in a particular member aircraft, or the risk of failure for that member has become too high. When a crack is detected, the calculated risk of failure for other aircraft in the fleet will increase significantly, and the aircraft operators need to decide which aircraft should be temporarily grounded for unscheduled inspection and which ones be allowed to fly. The proposed method applies the Bayesian inference to update the risk assessment by updating the equivalent initial flaw size distribution, which is one of the key inputs for risk analysis. To illustrate the method, a hypothetical fleet aircraft is considered and the single flight probability of failure of each aircraft in the fleet is revised after the occurrence of a failure in one fleet aircraft.