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Article: United States: AIG, GE Woes Hit Aircraft Finance Units.
- Article from:
- TendersInfo
- Article date:
- March 3, 2009
CopyrightCOPYRIGHT 2009 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: kusumv03
The worlds two largest aircraft leasing companies are facing potential funding problems, just when their cash-strapped airline customers need them most.
American International Insurance Corp. (AIG) conceded Monday that its International Lease Finance Corp. unit may need to rely on backstop funding from the U.S. government to facilitate a sale - potentially to a consortium of private equity firms and sovereign ...