On Nov 4, 9:36*am, Andy wrote:
On Nov 3, 8:01*pm, wrote:

*Costello
gets insurance through AIG. *I guess with their government bailout,
minus the expenses from the warm sunny california executive party,
they must need a good chunk of change for their operation.

I think you will find that this "AIG" is not the same as that "AIG".
Two completely separate companies according to press releases I saw at
the time of the "bailout". *With only 3 letters in the name it's no
wonder there are duplicates. *I think A for Aircraft and A for
American in this case, but my attention span is short and I didn't
verify that.

Andy

If I understand it correctly, AIG Aviation Inc is part of the larger
AIG holding company, however, owing to regulatory insurance
requirements, there were specific reserve requirements that were not
related to the financials of the larger AIG holding company. At no
time were coverage and claims in danger. If the larger AIG had not
been bailed out, AIG Aviation may have been sold off to another
group. Assistant VP of AIG Aviation spoke to this at the recent SSA
board meeting. As to which would have been the better long term
solution, well.....

Frank Whiteley