Deals
AIG Plane Unit Moves IPO Plan Ahead as Purchase Stalls
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American International Group Inc. is carrying on with plans for a possible initial public offering of its plane-leasing unit if an agreement to sell the business to Chinese investors collapses.
AIG’s International Lease Finance Corp. issued an updated filing today with financial results through June 30 and information on the Los Angeles-based company’s plane fleet. The insurer’s effort to sell the business has been delayed as the buyers fail to complete the deal.