By Prudence Ho and Alison Tudor
The buyers of AIG?s aircraft leasing business appear to be changing.
This month, once-embattled US insurer AIG paid back the Treasury after its headline grabbing $182 billion bailout; exited AIA Group Ltd, raising a total of $35 billion from the pan-Asian insurer, and seemingly found? buyers for International Lease Finance Corp after a two year search.
Last week, AIG said in a statement that as part of a Chinese buying group, ?an investment arm of Industrial and Commercial Bank of China Ltd.?s, and New China Life Insurance Co. Ltd., have an option of taking a 9.9% in ILFC. In that Dec. 10 press release, AIG said China New Trust Co. , China Aviation Industrial Fund and P3 Investments Ltd. will take an 80.1% stake in ILFC for $4.23 billion.
Source: http://blogs.wsj.com/deals/2012/12/18/aigs-ilfc-sale-to-chinese-buyers-in-flux/?mod=WSJBlog
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