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Macquarie bids on IFLC fleet

Macquarie Group is among the bidders for a portfolio of aircraft being sold by International Lease Finance Corp, one of the business units of the US-government owned insurance group AIG, the Financial Review reported.Hong Kong Aviation Company is a second bidder. The newspaper estimated the value of the aircraft fleet for sale at US$3.8 billion.Macquarie has more than 80 aircraft under management in its own aircraft leasing unit, established three years ago, according to the newspaper.IFLC has around US$14 billion in debt to refinance this year and next year and the sale of part of its portfolio is one effort to refinance this debt. IFLC is currently marketing a US$1.3 billion bank loan.

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