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AIG to sell 90 percent of ILFC to Chinese investor group

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Published: Sunday, 9 Dec 2012 | 7:10 PM ET

Dec 9 (Reuters) - American International Group Inc on Sunday said it would sell up to 90 percent of its ILFC airplane leasing business to a Chinese consortium led by New China Trust Co Ltd in a deal that values ILFC at $5.28 billion.

AIG said it would record a non-operating loss of $4.4 billion on the sale, including a charge for tax-related items.

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Dec 9- American International Group Inc on Sunday said it would sell up to 90 percent of its ILFC airplane leasing business to a Chinese consortium led by New China Trust Co Ltd in a deal that values ILFC at $5.28 billion.

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