AIG selling aircraft leasing unit in $5.4B deal
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.
Show commenting policy
TribLive commenting policy
You are solely responsible for your comments and by using TribLive.com you agree to our Terms of Service.
We moderate comments. Our goal is to provide substantive commentary for a general readership. By screening submissions, we provide a space where readers can share intelligent and informed commentary that enhances the quality of our news and information.
While most comments will be posted if they are on-topic and not abusive, moderating decisions are subjective. We will make them as carefully and consistently as we can. Because of the volume of reader comments, we cannot review individual moderation decisions with readers.
We value thoughtful comments representing a range of views that make their point quickly and politely. We make an effort to protect discussions from repeated comments either by the same reader or different readers.
We follow the same standards for taste as the daily newspaper. A few things we won't tolerate: personal attacks, obscenity, vulgarity, profanity (including expletives and letters followed by dashes), commercial promotion, impersonations, incoherence, proselytizing and SHOUTING. Don't include URLs to Web sites.
We do not edit comments. They are either approved or deleted. We reserve the right to edit a comment that is quoted or excerpted in an article. In this case, we may fix spelling and punctuation.
We welcome strong opinions and criticism of our work, but we don't want comments to become bogged down with discussions of our policies and we will moderate accordingly.
We appreciate it when readers and people quoted in articles or blog posts point out errors of fact or emphasis and will investigate all assertions. But these suggestions should be sent via e-mail. To avoid distracting other readers, we won't publish comments that suggest a correction. Instead, corrections will be made in a blog post or in an article.
- Coca-Cola shaves incentives for executives
- Bond experts fear inevitable sell-off
- Highmark to increase premiums, limit access to health care in new plans
- Canadian company wins bid for casino
- Oil, gas industry boom leads to expansion of laws in Pennsylvania
- New models, China sales key to GM’s future, Barra tells investors
- Roundup: Pittsburgh Corning plan confirmed; II-VI reorganizes segments; more
- Truck deals give auto sales a lift
- Consol Energy cutting retiree health benefits, phasing out pension
- Stocks slammed as manufacturing slows in U.S., abroad
- DEP hopes new drilling rules will help find, cap abandoned wells