Who Profits From Airline Disasters?
The mystery of Malaysia Airlines Flight 370 continues. We don’t know where the plane is and we don’t know what happened to it. But we DO know something else: Someone made a huge profit from its disappearance.
Peter Greenberg went on CBS This Morning to explain the brave new world of aviation insurance and airline disasters. Airlines profit almost immediately when a plane crashes or goes missing, while the families of victims have to wait for years to collect even a fraction of the amount. Peter first reported this in the most recent issue of Fortune, where he detailed the big money surprise about Malaysia Airlines Flight 370. Watch the video below to find out how insurance can earn airlines a big payout after a tragic accident.
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