As part of the cash and stock deal, AIG will end up holding a nearly 46 percent stake in AerCap for at least nine months after the deal closes.
US aircraft lessor ILFC sends rental default notice to Jet
International Lease Finance Corp (ILFC) has said it is facing "bureaucratic and regulatory obstacles" in exporting the remaining three aircrafts that were leased to now grounded Kingfisher Airlines.
Kingfisher Airlines is not just bleeding cash, it's bleeding aircraft as well. DVB, an international aviation lessor bank has petitioned for urgent release of its aircraft leased to the airline.
One of the world's largest leasing firms has warned India the failure of troubled carriers like Kingfisher Airlines to return airplanes when they cannot pay their bills could put the country's aviation growth at risk by scaring away new funding.
India could put at risk the financing needed to support its aviation growth if airlines that cannot pay their bills fail to return aircraft to their owners, the head of US leasing giant International Lease Finance Corp warned on Tuesday.
Wanted: cash-laden buyer interested in moderate long-term returns from a cyclical industry at the mercy of global aviation. Aircraft leasing is just such a so-so pitch.