U.S. insurer American International Group Inc said it would sell its aircraft-leasing business to AerCap Holdings NV in a deal valued at about $5.4 billion. The deal for International Lease Finance Corp (ILFC) includes $3 billion in cash and 97.56 million newly issued AerCap common shares, AIG said on Monday.
AerCap Holdings N.V. is an integrated global aviation company. Shares of AER traded higher by 4.27% or $1.02/share to $24.93. In the past year, the shares have traded as low as $13.37 and as high as $24.93. On average, 382447 shares of AER exchange hands on a given day and today's volume is recorded at 3573781.
American International Group, Inc. (AIG) is a global insurance company. Shares of AIG traded higher by 0.63% or $0.31/share to $49.73. In the past year, the shares have traded as low as $34.22 and as high as $53.33. On average, 9804690 shares of AIG exchange hands on a given day and today's volume is recorded at 8265769.
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