American International Group has decided not to divest ILFC after deciding the profit from the sale would be insufficient, sources told the Financial Times. The paper said that Standard & Poor's has cut ILFC's credit rating to the lowest investment-grade level. Sources told FT that founder and CEO Steven Udvar-Hazy has not decided whether to leave ILFC. He was replaced as chairman by Doug Steenland last month (ATWOnline, Jan. 26).

Subscribe to Access this Entire Article

"Other News - 01/26/2010" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.