20-Oct-2009 10:49 AM

AIG lends ILFC USD2 billion to meet debt obligations

American International Group (AIG) made a USD2 billion loan to International Lease Finance Corp (ILFC), to allow the lessor to repay debt and meet other obligations (AP, 19-Oct-2009). The loan was sourced from funds provided to AIG by the Federal Reserve Bank of New York. The loan is in addition to USD1.7 billion AIG provided for ILFC in Mar-2009.