London — AIG, New York, has sold its 50% stake in London City Airport, as it embarks on a disposal of assets in an effort to repay the $85 billion U.S. government rescue loan.
It is considering selling more than 15 businesses, including International Lease Finance Corp., Los Angeles, its aircraft leasing unit, a stake in a large U.S. reinsurer and billions of dollars in properties. Edward Liddy, AIG CEO, is expected to announce later this week what other assets could be for sale.
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