AIG sale of ILFC to be submitted for national security review

Mon Dec 10, 2012 6:16am IST

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Dec 9 (Reuters) - AIG and the Chinese group that has agreed to buy AIG's aircraft leasing business ILFC will submit the deal to the Committee on Foreign Investment in the United States for review, AIG said on Sunday.

AIG is selling up to 90 percent of ILFC to the group, which intends to leave the company based in the United States. The inter-agency committee, also known as CFIUS, vets foreign deals for security concerns.

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Comments (3)
grundoon2 wrote:
Chinese ownership should be financial armslenght only. They should have no direct management control of day to day operations or assets.

Dec 09, 2012 9:41am IST  --  Report as abuse
DanielWP1956 wrote:
If they buy it…it is their company to do with as they wish.

Dec 10, 2012 2:26pm IST  --  Report as abuse
MiNo42 wrote:
Thank You for bailing out AIG America!! As a reward, these employees will be working for the Chinese Government.

Dec 10, 2012 9:21pm IST  --  Report as abuse
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