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AIG Unit Experiencing Some Turbulence

(AP Photos/Lefteris Pitarakis)
(AP Photos/Lefteris Pitarakis)

“Recent challenges in the global economy” are forcing American International Group to delay the planned spinoff of its International Lease Finance Corp (ILFC) unit, thereby postponing its full return to financial health.

Comments by AIG officials in a securities filing Friday made it clear that ILFC, which requires a huge amount of cash to finance its businesses, will remain a headache for AIG for the foreseeable future.

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Nichole Morford

Nichole Morford
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