ILFC Chairman and CEO Steven Udvar-Hazy confirmed last week at the ALTA Airline Leaders Form in Cancun that American International Group "is in the process of selling ILFC to a group of investors, including management." The subject of an $85 billion US government bailout, AIG was pressured to shed divisions "that were not essential to its core business strategy," Udvar-Hazy said Friday (ATWOnline, Sept. 18). He offered no other details, saying only that the sale "process is underway now." ...

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