Author Topic: WOW! I didn't know that..  (Read 489 times)

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Offline johanfrc

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WOW! I didn't know that..
« on: April 23, 2009, 09:34:58 PM »
AIG is was the main owner of a flying school in Beijing..

http://www.flightglobal.com/articles/2009/04/22/325458/beijing-flying-school-temporarily-shuts-due-to-financial.html

Quote
Beijing Pan Am International Academy in China has temporarily closed and is seeking new investors because its majority owner, financial giant AIG, is unwilling to inject more funds.

"We had an investment agreement where they were to put in an extra $15 million by August 2008 but that's the time when AIG got into trouble," says Beijing Pan Am International Academy chairman Li Zhiyun.

So that was where all the money was put away!

I think that alot of the members both inside and outside the group wants to know what's happening! ;)
Regards

Johan Clausen

Offline HankyPanky

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Re: WOW! I didn't know that..
« Reply #1 on: April 23, 2009, 10:05:04 PM »
Johan, old friend, AIG is also still the (struggling) mother of ILFC http://www.ilfc.com/aircraft.htm ;)

Which is much more important to us simmers .., if you look at the list of airlines, that are operating Airbusses and Boeings leased from ILFC.
« Last Edit: April 23, 2009, 10:07:11 PM by HankyPanky »
Always happy landings
Dieter/EDDM

Some are straightforward, and others are tied to mother's apron strings.. I like the straightforward ones and am in with good terms.

Nunc est bibendum ..

Offline johanfrc

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Re: WOW! I didn't know that..
« Reply #2 on: April 23, 2009, 10:16:10 PM »
Hehe. I didn't know.

To modify a quote from Hamlet (the Shakespeare play):

"There is something rotten in the state of AIG" :D :D :D
« Last Edit: April 23, 2009, 10:30:48 PM by johanfrc »
Regards

Johan Clausen

Offline HankyPanky

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Re: WOW! I didn't know that..
« Reply #3 on: April 23, 2009, 10:27:41 PM »
 ::evilgrin::

Well said  :)
Always happy landings
Dieter/EDDM

Some are straightforward, and others are tied to mother's apron strings.. I like the straightforward ones and am in with good terms.

Nunc est bibendum ..

Offline csturdiv

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Re: WOW! I didn't know that..
« Reply #4 on: April 23, 2009, 10:33:20 PM »
I almost bought stock in AIG recently (as in yesterday).  It is so low I thought why not.  I missed the good chance about a month ago when it was at $0.50 per share.  It closed at $1.50 today.  That would've been a nice investment.
There's no reason to become alarmed, and we hope you'll enjoy the rest of your flight. By the way, is there anyone on board who knows how to fly a plane?