Daily Finance posted world wide on news wires about an hour ago.
- AIG Announces Agreement to Sell up to 90 Percent of International Lease Finance Corporation (ILFC)
- ILFC Headquarters to Remain in Los Angeles; Existing Management to Operate ILFC
American International Group, Inc., and an investor group led by Mr. Weng Xianding, the Chairman of New China Trust Co. Ltd., announced today that they have entered into an agreement under which AIG will sell up to a 90% stake in International Lease Finance Corporation (ILFC), a non-core asset, to the investor group in a transaction that values ILFC at approximately US$5.28 billion.
AIG to sell 80% of ILFC to China, option for 10% more . . .
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bizjets101
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Re: AIG to sell 80% of ILFC to China, option for 10% more .
The erosion continues........
