NU Online News Service, Feb. 8, 11:29 a.m. EST

Steven Udvar-Hazy, the founder of American International Group's troubled International Lease Finance Corporation, has resigned as chief executive and member of its board, AIG said.

AIG officials said Friday that the ILFC board is considering the long-term management of the aircraft leasing company, and that in the interim, President John Plueger will succeed Mr. Udvar-Hazy as acting CEO.

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