AIG to sell assets including aircraft leasing: report

[Klukie]

Source: Reuters

By Lilla Zuill

NEW YORK (Reuters) - American International Group Inc, left with deep financial scars from losses on guarantees it wrote to cover mortgage-linked securities, is expected to sell off assets, including a profitable aircraft leasing arm, the Wall Street Journal report on Sunday.

AIG is under pressure to sell off some of its most valuable assets in a bid to quickly shore up capital.

Those involved in a widespread review of the company and how to fix its deepening financial problems, are working around the clock, said a source familiar with developments.



Read more: http://www.reuters.com/article/ousiv/idUSN1440161120080914

[Tandalayo_Scheisskopf]

1. Prediction:

Warren Buffett snaps up the aircraft leasing. He likes that business.