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Aig

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Webslinger

Well-known member
Joined
Mar 21, 2002
Posts
119
Just curious, is AIG keeping their birds? Hope the best for those gents. Tough industry right now.
 
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
 
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
 
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.
 
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.
 
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).
 
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 ...
 
I taxied by their hanger yesterday, It looked full of aircraft, but who knows what will remain?
 
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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