AIG to sell plane leasing company

Equipment

Monday, December 10, 2012

AIG will sell 80.1 percent of its International Lease Finance Corp., an aircraft lessor with 200 airline clients in 80 countries, to a Chinese-led investor group for $5.28 billion. The group — which is led by New China Trust Co. and also includes China Aviation Industrial Fund and P3 Investments — has the option of purchasing an additional 9.9 percent of the company. Credit Suisse served as financial advisor for the investor group. U.S. and Chinese regulators still ne...

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