Deals
AIG Says Investor Group in Talks to Buy 90% of Plane Unit
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American International Group Inc., the insurer that counts the U.S. as its largest shareholder, said it is in talks to sell 90 percent of its plane-leasing unit to a group including New China Trust Co.
Other investors in the group are New China Life Insurance Co. and P3 Investments Ltd., together with China Aviation Industrial Fund and an investment arm of ICBC International, the New York-based insurer said yesterday in a statement. A deal may value AIG’s International Lease Finance Corp. at about $5.5 billion, according to a person familiar with the matter who asked not to be identified because talks are private.