Chinese Group Buys 80% of AIG Plane Unit for $4.2 Billion

Now this is good. The government has already decided that AIG is too big to fail, now China is buying part of the Company. With our money, no doubt.

A Chinese group agreed to buy 80.1 percent of American International Group Inc. (AIG)’s plane-leasing unit for $4.23 billion in the nation’s largest acquisition of a U.S. company.

The International Lease Finance Corp. acquirers, led by New China Trust Co. Chairman Weng Xianding, have an option to buy another 9.9 percent, New York-based AIG said today in a statement. The transaction, which values ILFC at $5.3 billion, passes China Investment Corp.’s $3 billion purchase of a stake in Blackstone Group LP (BX) in 2007 as the biggest Chinese-U.S. deal.

A group of Chinese investors agreed to buy an 80.1% stake in the plane-leasing unit of AIG for $4.23 billion. Robert Benmosche, chief executive officer of American International Group Inc.

The acquisition gives the group control of the world’s second-largest aircraft lessor as rising travel in China and Asia spurs demand for planes. AIG, which counts the U.S. government as its largest investor, is selling Los Angeles-based ILFC as Chief Executive Officer Robert Benmosche focuses on insurance operations and works to reduce debt.

More here:

http://www.bloomberg.com/news/2012-1...3-billion.html

where were the chinese when AIG went toes up?

Unawhiner has no credibility until you stop insisting LL didn't prove you wrong.
And even then you won't be able to prove you're not a weenie!

ask me again and I'll tell you the same!


HAHAHAHAHAHAHAHAHAHAHAFUCKINGH AHAHAHAHAAAAA

Assup, you really should ask for permission from your mother to get on the internet.