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
A passenger was booted from a Delta Air Lines flight after an emergency run to the bathroom while the plane was delayed for almost two hours on the tarmac, according to media reports. Kima Hamilton, 39, reportedly said that he needed to use the restroom while the plane was on the tarmac in Atlanta en route to Milwaukee on April 18. McDonald's is going to discontinue a popular item that has been on the menu for decades - the Hi-C Orange Lavaburst - from May 1, according to a memo posted on Reditt. With customers having only a few more days to get their hands on the iconic, popular beverage before its gone forever, McDonald's is already facing a backlash for its decision. American Airlines Group Inc. (AAL) reported a profit for the first-quarter 2017 that declined 66.6 percent from last year, reflecting a 37.8 percent increase in consolidated fuel expense. But quarterly total operating revenues increased 2.0 percent. Both adjusted earnings per share and revenue for the quarter beat analysts' expectations.
comments powered by Disqus
Follow RTT