Seeking Alpha

AIG reportedly in ILFC sale talks with AerCap

  • 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.
Comments (3)
  • ComputerBlue
    , contributor
    Comments (873) | Send Message
     
    AER is a great company that I wish I had some shares in. Long AIG and will be looking to get into AER soon.
    12 Dec 2013, 01:15 PM Reply Like
  • Mike Maher
    , contributor
    Comments (2721) | Send Message
     
    I use to own them after they bought out GLS (I owned GLS and took AER shares in the merger). Sold because there wasnt a div at the time, and I was looking for the compounding growth. Its a solid company, one to watch here if they can pull off a deal like that.
    12 Dec 2013, 02:38 PM Reply Like
  • BAHAMAS1
    , contributor
    Comments (2631) | Send Message
     
    Another good move by Mr. Benmoshe , who has proven to be a great leader and ceo that is very "bankable" !

     

    Long AIG and buying More !
    12 Dec 2013, 03:09 PM Reply Like
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