. Space Industry and Business News .




AEROSPACE
Chinese in talks to buy aircraft leaser ILFC
by Staff Writers
Washington (AFP) Dec 7, 2012


US government-controlled insurance group AIG said Friday it was in talks to sell a majority stake in International Lease Finance Corporation (ILFC) to a consortium of Chinese companies.

American International Group, Inc said the Chinese companies could buy 90 percent of ILFC, one of the world's top aviation leasing firms with more than 1,000 owned and managed aircraft.

The Chinese companies are led by New China Trust, New China Life Insurance, and P3 Investments, along with China Aviation Industrial Fund and an investment arm of Chinese bank ICBC International, AIG said.

No pricing details were available, but AIG stressed that the possible sale of part of its 100 percent stake in ILFC has always been possible.

"AIG has consistently stated that ILFC is a non-core asset," it said in a statement.

It emphasized as well that the sale would require approval by regulators in China and the US.

The US government threw some $182 billion into the rescue of AIG at the height of the financial crisis four years ago, and has slowly been clawing back its investment by pushing AIG back to profitability and selling off its own shares in the company.

.


Related Links
Aerospace News at SpaceMart.com






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle




Memory Foam Mattress Review

Newsletters :: SpaceDaily Express :: SpaceWar Express :: TerraDaily Express :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News

Get Our Free Newsletters
Space - Defense - Environment - Energy - Solar - Nuclear

...







AEROSPACE
F-35 Lightning II Program Surpasses 5,000 Flight Hours
Fort Worth TX (SPX) Dec 06, 2012
The Lockheed Martin F-35 Lightning II program surpassed 5,000 flight hours last month. This milestone was reached by the combined F-35 System Development and Demonstration (SDD) aircraft flying at Edwards Air Force Base, Calif., and Naval Air Station Patuxent River, Md., and the training aircraft flying at Eglin Air Force Base, Fla. All three variants, the F-35A Conventional Takeoff and La ... read more


AEROSPACE
Smartphones might soon develop emotional intelligence

Judge calls for "global peace" in Apple-Samsung war

Samsung, Apple top 'smart device' Q3 sales: survey

Tablet technology takes teaching into 21st century

AEROSPACE
US Air Force selects Raytheon to develop future Protected SATCOM System

General Dynamics Awarded Contract Under New U.S. Army Rapid-Acquisition Communications Program

Astrium to provide military X-band satcoms to six UK Royal Navy vessels

Lockheed Martin to Demonstrate Key Component of Tactical MilSat Communications System

AEROSPACE
Russia Set to Launch Telecoms Satellite for Gazprom

S. Korea readies new bid to join global space club

Arianespace Lofts Pleiades 1B Using Soyuz Medium-lift launcher

Japan Schedules Radar Satellite Launch

AEROSPACE
Retired GIOVE-A satellite helps SSTL demonstrate first High Altitude GPS navigation fix

GTX Gets Approval For Custom Two-Way GPS Tracking Devices On Planes

East Riding Of Yorkshire Council Selects Ctrack For Specialist Vehicle Tracking Solution

Researchers Use GPS Tracking to Monitor Crab Behavior

AEROSPACE
Japan pedal power aims for human flight record

Chinese in talks to buy aircraft leaser ILFC

Australia retires H-variant C-130 Hercules

F-35 Lightning II Program Surpasses 5,000 Flight Hours

AEROSPACE
New '4-D' transistor is preview of future computers

Ames Laboratory scientists develop indium-free organic light-emitting diodes

Research discovery could revolutionise semiconductor manufacture

Engineers pave the way towards 3D printing of personal electronics

AEROSPACE
URI oceanography student uses crashing waves on shorelines to study Earth's interior

New test adds to scientists' understanding of Earth's history, resources

Carnegie debuts revolutionary biosphere mapping capability at AGU

NASA's Tropical Rainfall Measuring Mission Turns 15

AEROSPACE
Toxic cloud in Buenos Aires under control

China aims to reduce air pollution

Declining air pollution levels continue to improve life expectancy in US

Asia air pollution deaths to rise: environment group




The content herein, unless otherwise known to be public domain, are Copyright 1995-2012 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement