Aero-News: Quote of the Day

ANN's Quote of the Day usually derives from current news, though we reserve the right to pick quotes out of history that have a bearing on the day's events and issues.

Sometimes, you'll find them timely and in keeping with the content of the day's news... and sometimes, they'll just be thought-provoking.

Reader suggestions and comments are welcome... and if particularly intriguing, timely, or poignant, may themselves become future Quotes of the Day.

Let us hear from you, folks!

Aero-News Quote of the Day

"It's very definite that if the airlines are forced to pay higher premiums, the cost is going to be reflected in higher fares to passengers."

Source: Shalem Massey, a California aviation industry attorney, on The War Risk Insurance Program -- a little known government-sponsored project that helped American air carriers resume their schedules after 9/11. That program is set to lapse... which will likely force carriers to pass along the cost of significantly higher insurance premiums to their customers. Currently, the airlines pay a combined premium of around $140 million -- against what most experts believe would be a commercial rate of $600 to $700 million without the program.

FMI: War Risk Insurance Program