Because that was years ago, he apologized several times, and that particular plane was burned to the ground. Anyway: I don’t know how this is possible, but everyone’s favorite insurer is apparently having trubs selling its aircraft-leasing business.

According to a person familiar with the matter, would-be buyers are demanding a bigger guarantee from the federal government in order to facilitate a sale. Already, the government has agreed to guarantee $5 billion of debt, but those remaining in the auction now want either more government aid or support from airline manufacturers.
A second source said the guarantee issue has stymied the auction process, which is described as having cooled as AIG tries to sort out how to make a sale happen.

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Comments (10)

  1. Posted by guest | June 3, 2009 at 10:21 AM

    Thanks for that image, BL.

  2. Posted by Anal_yst | June 3, 2009 at 10:25 AM

    Just remembering the heap of articles and such back in ‘the day’ about ILFC being a crown jewel…

  3. Posted by guest | June 3, 2009 at 10:46 AM

    It’s because of a taint, alright.

  4. Posted by sugardaddy | June 3, 2009 at 10:58 AM

    Greg, wake up and write something.

  5. Posted by EvilBuzzard | June 3, 2009 at 11:43 AM

    Greenberg doesn’t waste time with perceived taints….BABAWAWA has an exclusive on that one!

  6. Posted by guest | June 3, 2009 at 11:45 AM

    Buzzard– wrong greenberg, fool. (BaWa banged ACE, not Hank.)

  7. Posted by EvilBuzzard | June 3, 2009 at 11:51 AM

    Duoh!

  8. Posted by Anal_yst | June 3, 2009 at 12:23 PM

    @ guest/6
    How do you know she didn’t bang both (at the same time none the less)?

  9. Posted by guest | June 3, 2009 at 12:51 PM

    Anal_yst – I really didn’t need that mental image, fuck you very much.

  10. Posted by EvilBuzzard | June 3, 2009 at 1:21 PM

    @8 – Ah yes, a Greenberg Salami Sandwhich! You’re my new spin doctor. That was awesome.

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