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In transit

16 December 2013 By Antony Currie

The insurer is getting $5.4 bln for its aircraft-leasing arm – just 75 pct of book value. AIG gets two-fifths of the price in rival AerCap’s stock, and is providing a $1 bln line of credit. CEO Bob Benmosche hasn’t found the cleanest deal, but it is a glide path to independence.

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