Missed Deadline Endangers AIG’s Sale of ILFC

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Mani
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American International Group Inc (NYSE:AIG)’s sale of ILFC could be endangered as the Chinese buyers missed a key deadline to pay in their deal. The U.S. insurance giant said in its 8-K filing with Securities Exchange Commission that it had not received the deposit stipulated in the December purchase agreement in time. AIG Agreed To Sell Upto 90 Percent Of Its Business American International Group Inc (NYSE:AIG) said last December that it agreed to sell up to 90 percent of its business, the International Lease Finance Corporation, to a consortium of Chinese groups. The deal valued the plane leasing unit,…

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Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports