The future of ILFC - Your thoughts?

[NickN]

With the current turmoil in the US and the near collapse of AIG - ILFC's owner, what do you guys think may become of the worlds largest airliner leasing company?

As it stands at present the US Fed Reserve has loaned AIG $85 Billion to prop them up and prevent a catastrophic collapse. In exchange the Fed has taken security over all AIG assets, which includes ILFC and the aircraft on lease PLUS an 80% controlling stake in AIG.

I personally feel that ILFC is one of the best performing AIG assets and selling the company may not be beneficial to AIG in the long term as the income it produces will aid the repayment of the loan to the federal reserve. Selling ILFC at this stage may provide a short term lump sum to repay some of the Fed loan but in the long term would come at the sacrifice of the stable ongoing income.