The AIG fire sale continues. The Financial Times reported all three bids for AIG's aircraft leasing unit came in under $5 billion, well below ILFC's book value of $7.6 billion. Bids are also less than the line of credit the New York Fed was ready to extend to ILFC.
Who will walk away with the deeply discounted prize, financed by taxpayer dollars? Will it be The Carlyle Group/Thomas Lee Partners, Onex Corp/Greenbriar Equity, or an undisclosed third bidder? Stay tuned. Grand returns await.
Who will walk away with the deeply discounted prize, financed by taxpayer dollars? Will it be The Carlyle Group/Thomas Lee Partners, Onex Corp/Greenbriar Equity, or an undisclosed third bidder? Stay tuned. Grand returns await.
