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Friday, July 3, 
8:35 pm

International Lease Finance may part with AIG

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plane.jpegAmerican International Group Inc. subsidiary International Lease Finance Corp. may want out of the marriage, according to The Wall Street Journal.

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The Los Angeles airplane leasing company's expansion plans are hindered by the recent downgrade on AIG's debt ratings, which may lead to it asking the Greenwich, Conn., parent to place it on the block. ILFC, the largest aircraft leasing firm in the world, would likely come at a pretty steep price.

The company, which was founded in 1973, was acquired by AIG in 1990 for $1.3 billion. - Marusca Niccolini

See story from The Wall Street Journal
See story from BloggingStocks





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