AIG to sell aircraft leasing business in $5.4 bln deal

Mon Dec 16, 2013 6:28am EST

Dec 16 (Reuters) - U.S. insurer American International Group Inc said it would sell its aircraft-leasing business to AerCap Holdings NV in a deal valued at about $5.4 billion.

The deal for International Lease Finance Corp (ILFC) includes $3 billion in cash and 97.56 million newly issued AerCap common shares, AIG said on Monday.

The transaction is expected to close in the second quarter of 2014.

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