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Cos In Talks To Buy AIG's ILFC Unit Seek More Financing -Report

Last Update: 8/5/2009 1:04:53 PM

DOW JONES NEWSWIRES

Private-equity firms that are in talks to buy American International Group's
(AIG) aircraft leasing business are trying to raise money from sovereign wealth
funds to help keep the deal on track, the New York Post reported Wednesday,
citing sources close to the situation. Onex Corp. and Greenbriar Equity Group, in
exclusive talks to buy AIG's International Lease Finance Corp., need more
financing to satisfy ILFC lenders. The U.S. government may also increase its $5
billion guarantee of aircraft leasing debt to help attract more investors, a
source said. AIG declined to comment.

Full story at
http://www.nypost.com/seven/08052009/business/aig_aircraft_sale_grounded_again_183022.htm

-Dow Jones Newswires; 212-416-2900

(END) Dow Jones Newswires

August 05, 2009 13:04 ET (17:04 GMT)