Sullivan was speaking on a conference call with analysts about the release of second-quarter earnings. I was not aware of this but AIG “is one of the largest leasers of new commercial aircraft in the world.”
The chief financial officer of the AIG subsidiary International Lease Financial Corp., Allen Lund, commented, “People for August have already committed to their travel plans. So it is a question of what will happen on an ongoing basis.”
The economic impact is secondary to the potential risk to airline passengers and the general feeling of unease and uncertainty surrounding flying. My biggest hope is that future plots are revealed before they are able to germinate into actually transpiring.
Comment Preview