Originally Posted by
Braindrain
No, the spinoff was great for ACE. It wasn't so great for the FF'ers.
Why in the world would AC/ACE start a new FF program? Makes no business sense.
With the spinoff of AP, AC lost control of AP. Other than the initial cash grab, and increased cash flows by ACE with the spinoff, what is the benefit to them now? In 10 years? While it had its benefits, I think AC down the road may want control of AP.