Virgin Galactic spaceship insured for $40-50 mln, lead underwriter AIG-sources
LONDON, Nov 3 (Reuters) - The Virgin Galactic spaceship which crashed on Friday was insured against losses totalling around $40-50 million, and the lead underwriter was AIG, two insurance sources said on Monday.
AIG declined to comment.
The spacecraft crashed in California's Mojave Desert during a test flight, killing one pilot and injuring the other.
Virgin Galactic is the fledgling space tourism company of billionaire British entrepreneur Richard Branson. (Reporting by Carolyn Cohn; editing by Simon Jessop)