Insurer American International Group Inc has received all regulatory approvals for the sale of its aircraft leasing unit and expects that sale to close in the second quarter, the company's CEO said on Tuesday. "We are confident this transaction will in fact close in the second quarter as we said previously," chief executive Robert Benmosche said in a conference call with analysts.AIG is selling its ILFC business to AerCap.The insurer on Monday reported first-quarter earnings that beat analyst expectations, despite a drop in quarterly income.
American International Group, Inc. (AIG) is a global insurance company. Shares of AIG traded higher by 0.71% or $0.37/share to $52.72. In the past year, the shares have traded as low as $41.53 and as high as $53.33. On average, 9330540 shares of AIG exchange hands on a given day and today's volume is recorded at 9332423.
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