It never ends with AIG. One can only hope they locate private funding instead of more federal dollars.
American International Group's aircraft leasing unit may need additional financing from its cash-strapped parent or a third party to meet its obligations.
International Lease Finance Corp, or ILFC, disclosed details of its financing needs in its annual report filed with the Securities and Exchange Commission on Wednesday.
ILFC, one of the world's largest aircraft leasing companies, is one of the units AIG has put on the auction block. Private equity firms are eyeing the firm, and a buyer could get financing help from AIG under revisions to AIG's U.S. financial rescue earlier this month.
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