ILFC IPO INCHES CLOSER

Finance houses up and down Wall Street have been alight with talk that American International Group (AIG) is looking to sell a 25% stake in ILFC. This news is nothing new but various sources are now stating an overall price range of between $1.5-2bn for the 25% share offering. It is now clear that if the market does not deteriorate further during the summer months then an IPO will be launched this autumn. Meanwhile what is HNA up to? HNA Group, the parent company of China’s fourth-largest airline group, Hainan Airlines, is seeking to become the first Chinese airline to