China Bids For Airliner Leasing Firm

A Chinese consortium may be poised to take over what was the most important airliner leasing company in the world, but a leading analyst is wondering why. American International Group (AIG) says it is in talks with a group led by New China Trust Co. Ltd., New China Life Insurance Co. Ltd., P3 Investments Ltd. and China Aviation Industrial Fund to sell a 90-percent stake in International Lease Finance Corp., which leases aircraft to many of the world's airlines. In a podcast interview with AVweb, Teal Group analyst Richard Aboulafia said ILFC, which was the undisputed dominant figure in the leasing business until a few years ago, has not kept up with the times.


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