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| AIG to keep core business but sell assets to repay US loan |
| 2008-10-04 |
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| Posted by:lotp |
| #7 Insurance is just a specialized financial business, one that runs on being able to balance cash flows in and out at time periods from tomorrow through decades in the future. Buying air planes gives them a way to invest their cash that yields pretty predictable income streams back at fixed times.  GE's Capital Solutions subsidiary made a lot of money for investors by doing the same thing, not only with planes but with other heavy equipment etc. |
| Posted by: lotp 2008-10-04 22:07 |
| #6 That's what I was asking, Mike - what did they have to sell. Thanks. Why would an insurance company have an aircraft leasing business? (In this case, rhetorical question.) |
| Posted by: Barbara Skolaut 2008-10-04 21:24 |
| #5 Who's gonna buy them? AIG isn't up for sale. They're selling off assets like other insurance companies they own and their aircraft leasing business. |
| Posted by: Mike N. 2008-10-04 21:15 |
| #4 I have AIG coverage (via their absorption of 21st Century Auto coverage). My previous company was well-behaved, well-represented, that said, I'll be looking to AAA for my future coverage |
| Posted by: Frank G 2008-10-04 20:11 |
| #3 Who's gonna buy them? |
| Posted by: Barbara Skolaut 2008-10-04 20:06 |
| #2 Repaying is very good. |
| Posted by: trailing wife 2008-10-04 18:33 |
| #1 AIG to keep core business but sell assets to repay There, fixed it for ye. |
| Posted by: Alaska Paul 2008-10-04 13:23 |