AIG receives first bids for aircraft lease unit

2009-1-14

American International Group Inc (AIG) has received opening bids for its aircraft-leasing business, Reuters reported.

The embattled insurer received bids for its International Lease Finance Corp unit. The sale is being handled by investment bank Moelis and Co, it reported.

AIG has retained UBS AG to sell its asset-management business and the books are expected to go out as early as this week.
Source: Cargonewsasia
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