The head of the aircraft leasing company owned by the giant financial services company American International Group is reportedly talking about buying a part of the business. The aircraft leasing company has been up for sale for more than a year.
The Wall Street Journal reported Saturday that Steven Udvar-Hazy, a co-founder, chairman and CEO of International Lease Finance Corp., is in early discussions to purchase part of the leasing finance unit’s portfolio and start a new company.
ÌìÃÀÍøÕ¾´«Ã½´«Ã½ is trying to sell assets to repay billions in federal loans that helped it avoid failing.
The leasing company has about 950 planes, making up the world’s second largest fleet.
ÌìÃÀÍøÕ¾´«Ã½´«Ã½ representatives could not immediately be reached for comment.
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