ILFC News

Chinese Firms in Talks to Buy AIG Aircraft Leasing Unit

A group of Chinese companies, including the Industrial and Commercial Bank of China (ICBC), is in talks to buy American International Group’s aircraft leasing unit for around $5.5 billion, a source familiar with the matter said on Friday. AIG, which …

AIG Alleges Ex-Air Lease CEO, Employees Stole Trade Secrets

American International Group Inc. has sued the co-founder and former chief executive of its aircraft-leasing unit, Steven Udvar-Hazy, accusing him and other former employees of stealing several thousand electronic files containing trade secrets. The civil lawsuit by AIG, the insurer …

AIG’s Plane Leasing Unit ILFC Files for Initial Public Offering

AIG’s aircraft leasing unit, International Lease Finance Corp., filed for an initial public offering Friday despite deep uncertainty in equity markets that could delay an offering until next year. ILFC Holdings Inc., as the company will be called, is the …

Large AIG Share Sales on Track This Year: Source

American International Group Inc. shares are expected to settle back to a level in the mid-$40 range once the company’s recently approved warrants begin trading, a person familiar with the situation said Monday. But even at that level, the government …