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
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