AIG confirms ILFC and Chinese-led consortium sale talks

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American International Group confirmed today that it is in discussions to sell a 90% interest in International Lease Finance Corporation (ILFC) to an investor group led by New China Trust, New China Life Insurance and P3 Investments, together with China Aviation Industrial Fund and an investment arm of ICBC International.

Any possible transaction involving ILFC would be subject to required regulatory approvals, including those in the USA and China, and customary closing conditions, says AIG.