AIG’s 5-year ILFC exit: timeline
May 15, 2014 by Zachary Tracer and Hugh Son
Bloomberg) — American International Group Inc.’s sale of International Lease Finance Corp., completed yesterday, ends a quest by the insurer of more than five years to get rid of the unit. Below is a timeline of the struggles and eventual divestiture of the plane-leasing business, which was acquired in 1990 from founder Steven Udvar-Hazy for $1.16 billion and accumulated more than $20 billion in debt.
Originally Posted at LifeHealthPro on May 15, 2014 by Zachary Tracer and Hugh Son.
Categories: Industry Articles