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AIG Deconstructed: Why AIG Owns 900 Jets

Stock quotes in this article: AIG , BA , AMR , CAL , LCC , DAL , JBLU  

(Update: Additional background on ILFC, and adds price of AIG shares at the market close on Monday.)

It's time for your AIG Fun-Fact of the Week: Did you know that American International Group(AIG Quote), that debt-riddled monstrosity, also happens to own of the world's largest collection of both Boeing(BA Quote) and Airbus airplanes?

Crazy, right? Well, not so crazy if you also consider that the insurer's aircraft leasing arm, International Lease Finance (ILFC), is the world's largest aircraft leasing company, in terms of the value of its planes, with some 955 jets in its portfolio.

It makes a little bit more sense then. A little bit. ...

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