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AIG Announces Agreement to Sell up to 90 Percent of ILFC to China

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AIG Announces Agreement to Sell up to 90 Percent of ILFC to China

Old 10th Dec 2012, 01:26
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AIG Announces Agreement to Sell up to 90 Percent of ILFC to China

AIG Announces Agreement to Sell up to 90 Percent of International Lease Finance Corporation (ILFC) - DailyFinance

- AIG Announces Agreement to Sell up to 90 Percent of International Lease Finance Corporation (ILFC)

- ILFC Headquarters to Remain in Los Angeles; Existing Management to Operate ILFC

American International Group, Inc., and an investor group led by Mr. Weng Xianding, the Chairman of New China Trust Co. Ltd., announced today that they have entered into an agreement under which AIG will sell up to a 90% stake in International Lease Finance Corporation (ILFC), a non-core asset, to the investor group in a transaction that values ILFC at approximately US$5.28 billion.
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