One of the potential casualties of the current financial market crisis may be AIG (American International Group). AIG are indicating a need to liquidize assets to raise cash ($40Bn) and one candidate is its aircraft leasing business, International Lease Finance Corporation (ILFC). This was discussed at a emergency meeting of Wall Street executives this weekend.
ILFC is Boeing and Airbus biggest customer and leases include over 900 aircraft to Air Canada, Air France-KLM, Lufthansa, American Airlines, Air India, Continental Airlines, Mexicana, Emirates Airline, Vietnam Airlines, Vueling Airlines and most recently, Delta Air Lines.
Frantic day on Wall Street as banks teeter - International Herald Tribune