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AerCap Finishes $7.6 Billion ILFC Deal as AIG Narrows Aim

AerCap Holdings NV completed its $7.6 billion purchase of International Lease Finance Corp., creating the largest independent jet-leasing firm and a windfall for seller American International Group Inc.

ILFC, which pioneered the aircraft-leasing business under founder Steven Udvar-Hazy, is the last major unit to be sold by AIG following the U.S. rescue of the New York-based insurer in the 2008 financial crisis.