Insurer American International Group is in talks to sell its jet-leasing finance business to AerCap Holdings NV, Bloomberg reported, citing people with knowledge of the matter. Netherlands-based AerCap, the world's largest independent aircraft lessor, may team up with other bidders for International Lease Finance Corp, Bloomberg reported. ()AIG has not formally terminated its agreement with the Chinese group that agreed last year to purchase a majority of ILFC for about $4.2 billion, Bloomberg reported.AIG failed to comment on the report.Chief Executive Robert Benmosche said in November that AIG hoped to decide on a sale or an initial public offering of ILFC in the fourth quarter.
AerCap Holdings N.V. is an integrated global aviation company. Shares of AER traded higher by 3.69% or $0.79/share to $22.21. In the past year, the shares have traded as low as $13.37 and as high as $21.77. On average, 279217 shares of AER exchange hands on a given day and today's volume is recorded at 913527.
American International Group, Inc. (AIG) is a global insurance company. Shares of AIG traded higher by 2.01% or $0.98/share to $49.68. In the past year, the shares have traded as low as $33.66 and as high as $53.33. On average, 9690380 shares of AIG exchange hands on a given day and today's volume is recorded at 8511414.
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