Aero-News Network: The aviation and aerospace world's daily/real-time news and information service
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Hide/Show Archive Navigation.

All News

September 17, 2008

Bailout! AIG Rescued By $85 Billion Fed Loan

Insurer Lives To See Tomorrow... But ILFC Likely On Auction Block

In a move that, until two weeks ago, would have been termed "unprecedented," late Tuesday the US Federal Reserve agreed to loan embattled global insurance and investment firm AIG a total of $85 billion, in exchange for an 80 percent stake in the 89-year old Wall Street stalwart.

Read More

ANN's Daily Aero-Linx (09.17.08)

Aero-Linx!

The site is dedicated to the men and women of the Battle of Britain. If these pilots, crew, fitters, ferry pilots, cooks, and all concerned with Fighter Command had not succeeded in thwarting the Luftwaffe, who knows what the world would be like now.

Read More

ANN's Daily Aero-Term (09.17.08): Neutrino

Aero-Terms!

A fundamental particle supposedly produced in massive numbers by the nuclear reactions in stars; they are very hard to detect because the vast majority of them pass completely through the Earth without interacting.

Read More

Aero-News: Quote of the Day (09.17.08)

"None of us can yet answer the question, 'Where do we go from here?' "This experience has not been a healthy one for the Air Force, or for the (Department of Defense) or for the contractors or for our working relationship with each other or Congress."

Source: Acting US Air Force Secretary Michael Donley, speaking Monday at the Air Force Association's annual conference about the latest failed attempt to award the $35 billion KC-X aerial tanker contract.

Read More




Advertisement

Advertisement

Podcasts

AeroTwitter

© 2007 - 2024 Web Development & Design by Pauli Systems, LC