logo
Share SHARE
FONT-SIZE Plus   Neg

AIG Confirms Talks To Sell 90% Stake In International Lease Finance

American International Group Inc. (AIG) confirmed Friday that it is in discussions to sell a 90 percent interest in International Lease Finance Corporation or ILFC to an investor group led by New China Trust Co. Ltd., New China Life Insurance Co. Ltd. and P3 Investments Ltd., together with China Aviation Industrial Fund and an investment arm of ICBC International.

AIG has consistently stated that ILFC is a non-core asset. Any possible transaction involving ILFC would be subject to required regulatory approvals, including those in the U.S. and China, and customary closing conditions.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
French car maker Renault SA reported Friday higher profit in its fiscal 2015, with strong growth in automotive profit and revenues. The company announced higher dividend. Looking ahead, for fiscal 2016, Renault expects to increase group revenues at constant exchange rates and improve group operating margin. Shares of Rolls-Royce Holdings Plc were gaining around 13 percent in the morning trading in London after the engine maker reported more-than doubled profit in its fiscal year 2015, with lower one-time items. Underlying earnings were hurt by weakness in Marine markets. Further, the company halved its dividends, and still expects lower revenues next year. German steel giant ThyssenKrupp AG reported a loss in its first quarter, compared to last year's profit as sales and orders were hurt by sharp deterioration in materials businesses. The company said its overall performance in the first quarter was within its full-year forecast corridor. Looking ahead, the company continues to expect higher net income and flat sales for fiscal 2016.
comments powered by Disqus
Follow RTT