NU Online News Service, March 25, 3:24 p.m. EDT
American International Group's plane leasing subsidiary, International Lease Finance Corporation, said its future existence could be in doubt if it is unable to secure funding from its troubled parent or a third-party lender.
In its annual statement filing, ILFC, which acquires new aircraft and leases them to airlines throughout the world, said it generally finances its aircraft purchases through available cash balances, internally generated funds and debt financings.
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