American International Group, hit hard by the US credit crisis, is developing a major restructuring plan that will include selling off several of its assets, possibly including ILFC, according to the Wall Street Journal. AIG is under pressure to raise significant amounts of money quickly and ILFC, which owns more than 900 aircraft, is valued at more than $50 billion, the paper reported. While AIG and the US financial sector are struggling, ILFC posted second-quarter operating income of $352 ...

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