The aircraft leasing unit of American International Group (AIG) said its parent company had provided another US$2 billion in US government-backed funds to meet short-term financing needs, Dow Jones reported.
International Lease Finance Corporation had already secured $1.7 billion from AIG to drive it through a funding crisis that could ripple through the global airline industry because of its dominant position in aircraft leasing.
AIG, which is 80 percent owned by the US government, tapped the funds from the Federal Reserve Bank of New York backed by ILFC aircraft, according to a regulatory filing.
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