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AerCap Holdings N.V. : AIG to sell aircraft leasing business in $5.4 billion deal

12/16/2013 | 06:49am US/Eastern

(Reuters) - U.S. insurer American International Group Inc (>> American International Group Inc) said it would sell its aircraft-leasing business to AerCap Holdings NV (>> AerCap Holdings N.V.) in a deal valued at about $5.4 billion (£3.3 billion).

(Reuters) - U.S. insurer American International Group Inc (>> American International Group Inc) said it would sell its aircraft-leasing business to AerCap Holdings NV (>> AerCap Holdings N.V.) in a deal valued at about $5.4 billion (£3.3 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.

The transaction is expected to close in the second quarter of 2014.

(Reporting by Avik Das in Bangalore; Editing by Saumyadeb Chakrabarty)

Stocks treated in this article : American International Group Inc, AerCap Holdings N.V.
Valeurs citées dans l'article : American International Group Inc, AerCap Holdings N.V.
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