AIG Aircraft Unit May Need More Financing

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American International Group’s aircraft leasing unit may need additional financing from its cash-strapped parent or a third party to meet its obligations, the Los Angeles company said in a regulatory filing.

International Lease Finance Corp, or ILFC, disclosed details of its financing needs in its annual report filed with the U.S. Securities and Exchange Commission on Wednesday. The AIG division said it was seeking secured financing to fund contractual obligations through the end of April.

ILFC, one of the world’s largest aircraft leasing companies, is one of the units AIG has put on the auction block. Private equity firms are eyeing the firm, and a buyer could get financing help from AIG under revisions to AIG’s U.S. financial rescue earlier this month.




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