A group of Chinese investors is negotiating to buy a majority of ILFC, the aircraft leasing giant owned by AIG, for around $4.8 billion.
AIG announced it is in talks to sell an 80 percent stake in ILFC to the group of Chinese companies, including Industrial and Commercial Bank of China. The deal would be the most dramatic in a Chinese spending spree in the last year that has included purchases of billions of dollars worth of U.S. companies.
