- Moving nicely ahead in a bright red market is AIG (AIG +2.2%) which is now in talks to sell ILFC to AerCap Holdings (AER +4%), according to a Bloomberg report. "We never comment on rumors," says AerCap CEO Aengus Kelly when reached by telephone.
- Based in the Netherlands, AerCap - a former holding of Cerberus Capital - is the largest independent aircraft lessor with $15B in assets, and - recently reporting a debt/equity ratio of 2.5x - said it could increase the load to 3.5x-4x "if extremely attractive opportunities are found."
- Of course, AIG's effort to sell ILFC to a Chinese consortium for about $4.2B isn't formally dead, but the insurer is free to pursue other sales avenues.
AIG reportedly in ILFC sale talks with AerCap
From other sites
at Benzinga.com (Feb 28, 2015)
at CNBC.com (Feb 27, 2015)
at Investor's Business Daily (Feb 24, 2015)
at CNBC.com (Jan 29, 2015)
at MarketWatch.com (Jan 14, 2015)
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