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Aig

Webslinger

Well-known member
Joined
Mar 21, 2002
Posts
119
Total Time
8,200
Just curious, is AIG keeping their birds? Hope the best for those gents. Tough industry right now.
 

TransMach

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Joined
Jul 8, 2003
Posts
492
Total Time
>12K
Don't see how they could. Their stock value has falled from +/- $70 the share to $4. It's traded as low as .20 and the government has warrents to cause them to print four times more stock in the government's name to secure the 2 year 85 billion bridge loan.

Sad to see but they're toast.

TransMach
 

TransMach

Well-known member
Joined
Jul 8, 2003
Posts
492
Total Time
>12K
Here's the fleet list:

N-NumberSerial NumberManufacturer Name
ModelName820PS
None
AMERICAN INTERNATIONAL GROUP 880PS
None
AMERICAN INTERNATIONAL GROUP 940PS
None
AMERICAN INTERNATIONAL GROUP 175WS
560-5327 CESSNA
560XL AMERICAN INTERNATIONAL GROUP INC 47WS
145 DASSAULT AVIATION
FALCON 2000EX AMERICAN INTERNATIONAL GROUP INC 70PS
9012 BOMBARDIER INC
BD-700-1A10 AMERICAN INTERNATIONAL GROUP INC 71PS
31021 AGUSTA SPA
AB139 AMERICAN INTERNATIONAL GROUP INC 720WS
9176 BOMBARDIER INC
BD-700-1A11 AMERICAN INTERNATIONAL GROUP INC 72PS
116 DASSAULT
FALCON 2000EX AMERICAN INTERNATIONAL GROUP INC 72WS
14 DASSAULT
FALCON 900 EX AMERICAN INTERNATIONAL GROUP INC
 

Webslinger

Well-known member
Joined
Mar 21, 2002
Posts
119
Total Time
8,200
Wow, 10 birds bye, bye. Hope thats not the case, but I see your point. God speed Gentlemen. Our prayers are with you and your families.
 

ultrarunner

Well-known member
Joined
Nov 26, 2001
Posts
4,324
Total Time
10000
There could be some great deals on the airplane market this year and next.

There are already half a dozen or so 2000EX deliver slots available. You almost NEVER see those.
 

On Your Six

Well-known member
Joined
Mar 8, 2004
Posts
4,509
Total Time
9,500
Always have a Plan B. Who ever thought AIG or ILFC would stagger like this? Nobody. Fortunately these pilots have some great experience and they are likely to be picked up at some point (although it might take awhile). Economic cycles happen. Mergers happen. Part 91 flying is not as safe as people might expect (even for the biggest companies).
 

TransMach

Well-known member
Joined
Jul 8, 2003
Posts
492
Total Time
>12K
I believe ILFC does OK and will, most likley, be one of the many assets sold off to satisfy the loan repayment. The airplanes might take more time (7 not 10, 3 of those tail numbers are only reservations), with the credit crisis ...
 

sleepy

Living The Dream!
Joined
Apr 29, 2002
Posts
1,569
Total Time
8,500
I taxied by their hanger yesterday, It looked full of aircraft, but who knows what will remain?
 

icefr8dawg

Well-known member
Joined
Sep 18, 2003
Posts
413
Total Time
abunch
We live next to them, keeping an eye on things there, hoping for the best
 

chickenpilot

Well-known member
Joined
Dec 5, 2001
Posts
61
Total Time
9000
Citation

The citation is assigned to American General and based in EVV. I wouldnt be surprised the airplane goes where ever American General ends up being sold.
 
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