Robert B. Willumstad, continuing the fence-mending operation that began when he took over as American International Group chief executive, announced yesterday that the insurance giant's aircraft leasing business would stay with the firm.
A company statement from AIG said yesterday that after a review of the firm's business holdings it was determined International Lease Finance Corp. should remain with the company.
Last month, prior to Mr. Willumstad's takeover as AIG chief executive officer, ILFC CEO Steven Udvar-Hazy was reported to have been exploring a possible split from the parent after ILFC credit ratings were downgraded with AIG's.
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