AIG to sell 80.1% stake in ILFC for $4.23B

12/10/2012 | Reuters

American International Group plans to sell 80.1% of ILFC to a Chinese consortium for $4.23 billion. The Chinese consortium consists of New China Trust, China Aviation Industrial Fund and P3 Investments. The deal will also allow the consortium an option to buy another 9.9%. "It's the biggest deal we have in the aircraft leasing world and it's very ambitious," said Paul Sheridan, head of Asia at Ascend Advisor.

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