It is all about AIG today but keep an eye on Egypt

Last week we informed you here that AIG was in negotiations with a European buyer for ILFC, now we can elaborate further: Reliable sources indicate that AerCap is close to purchasing the ILFC portfolio in a complex deal that breaks out some of the older aircraft to other lessors, and negotiations are at this time underway for that breakout of aircraft with Orix Aviation among others competing. This is logical. AerCap is listed and thus cannot just take-on everything from the ILFC book, even though much of the ILFC book has been balanced, written-down and sorted out over the past