With shares in American Insurance Group (AIG) dropping more than 75 percent over the last two days, pressure is mounting on the insurance giant to do something—anything—to shore up its value.
One proposal gaining traction is to sell off the company’s aircraft leasing unit, International Lease Finance Corp. (ILFC), which has managed to sustain profitability and insulate itself from much of the surrounding financial turmoil. A sale of ILFC would provide an infusion of cash into a company with a spiraling debt load. Yesterday two major credit agencies downgraded their rating on AIG, prompting the current crisis.
ILFC currently leases out 947 aircraft, with a combined worth of $55 billion, to individuals, corporations, and airlines. ILFC may be a particularly attractive acquisition given that over 90 percent of its revenues come from abroad, better insulating the company from American economic troubles.
Will any suitors come forward for ILFC and what would a collapse of AIG mean for the world of private aviation? Sound off in our comments.

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3 Comments
james bassett said:
it may mean that if a person, wanted to charter or pick up and aircraft he or she may be able buy one a little cheaper than befor.
AllStarJets said:
hey, we're losing money in mortgages and insurance, but we're making money in planes....i know...let's sell the planes and put that into losing more money.....brilliant..lets pack my golden parachute
GEORGE MANGUM JR. A Guest said:
My comment regarding private jet aviation is not based on data I have sitting before me, but my gut says...this segment of the industry will flourish, simply due to the current state of affairs "commercial" air travel is in. I would love to be "Chief Executive" of (ILFC) and take it to another hemisphere with newer technology. ANY BACKERS OUT THERE!
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