Gnomon
Topic Author
Posts: 894
Joined: Thu Jun 03, 1999 12:38 pm

AA's 587 Liability

Tue Dec 04, 2001 6:29 pm

The question assumes a great deal, perhaps somewhat fallaciously, but what kind of liability is AA looking at in the wake the 587 accident?

Of course, factors that would determine liability and its monetary value will be determined a long time from now by the NTSB's finding of cause, but at this point, assuming a worst-case scenario, would AA be facing an insurmountable financial burden?

A $525 million loss last quarter, coupled with the potential for making settlement payments and/or paying out a judgment, can't bode well...

I'm pretty sure AA will survive, but could the liability issues change that prognosis?
 
Gnomon
Topic Author
Posts: 894
Joined: Thu Jun 03, 1999 12:38 pm

RE: AA's 587 Liability

Wed Dec 05, 2001 7:58 am

Anyone got any thoughts?
 
727LOVER
Posts: 6933
Joined: Tue Oct 09, 2001 12:22 am

RE: AA's 587 Liability

Wed Dec 05, 2001 8:00 am

THAT'S ALL PAID BY INSURANCE, I GUESS. THEY'VE SURVIVED ALL THE OTHER CRASHES HAVEN'T THEY?
"We must accept finite disappointment, but never lose infinite hope." - Martin Luther King, Jr.
 
MD88Captain
Posts: 1224
Joined: Wed Nov 14, 2001 9:50 am

RE: AA's 587 Liability

Wed Dec 05, 2001 8:03 am

I would guess that AMR's lawyers will point a few fingers at Airbus. And Airbus will try to blame AMR somehow. I just hope the true cause isn't blurred with all the finger pointing.

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