Lloyd TSB terminate insurance with Burmese junta Air lines
One of the Biggest Bank in United Kingdom, Lloyd TSB inform in writing for their intention of not continuing the insurance business with Air Bagan when present policy is expired. Air-Bagan will be in the air without covering sufficient amount of insurance before the end of 2008.
Some unrated farms from Russia are approaching but they are not reliable. Name of most approach farm is Malakut. MAI(Myanmar Airway International) received the same letter as Air-Bagan.
Not only were the airlines affected but also the factories and production business, mostly of the foreign investments, which have the insurance from Lloyd TSB and associates are receiving the same treatment. The most talk name of the farm among the others is Willis, which act same as what Lloyd is doing; Sending a termination of insurance policy in writing.
Reported by
Thu Ye Kaung
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