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The AIG Tower in Hong Kong.
The AIG Tower in Hong Kong.


AIG lightens its load, at a price

Bob Benmosche is making AIG more aerodynamic – at a price. The U.S. insurer has agreed to sell its aircraft leasing business to a Chinese-led group for a valuation of $5.3-billion (U.S.). AIG’s own shareholders will probably forgive their chief executive for the mean headline number and the lack of a clean exit, and focus on the fact that AIG is a step closer to independence from its government shareholder.