AIG selling aircraft leasing unit in $5.4B deal

| Tuesday, Dec. 17, 2013, 12:01 a.m.

AIG is selling its aircraft leasing business International Lease Finance Corp. to AerCap in a cash-and-stock deal valued at about $5.4 billion.

International Lease Finance has almost 1,000 owned and managed aircraft and has commitments to buy about 330 high-demand, fuel-efficient aircraft. It will become a subsidiary of AerCap.

American International Group Inc. said on Monday that this is the last major sale of one of its non-core assets.

AerCap, based in the Netherlands, has offices in the United States, Ireland, China, Singapore and the United Arab Emirates.

Subscribe today! Click here for our subscription offers.

 

 
Show commenting policy