Financial Times FT.com

Cut-price bids made for AIG’s aircraft unit

By Justin Baer and Francesco Guerrera in New York

Published: April 27 2009 00:12 | Last updated: April 27 2009 00:12

International Lease Finance Corp has drawn a step closer towards separation from its troubled parent, insurer AIG, with three investment groups submitting bids to acquire the aircraft lessor for less than $5bn.

People close to the situation said one consortium was led by Thomas H. Lee Partners and Carlyle Group, while Onex and Greenbriar Equity Group headlined a second group. The third bidder’s identity could not be determined.

You have viewed your allowance of free articles. If you wish to view more, click the button below.

Read this