Two suitors for American International Group’s (AIG.NYSE, 8685.TYO) aviation-leasing subsidiary have dropped out of the bidding process, The Wall Street Journal reported, citing several people familiar with the matter on Wednesday. New China Trust and China Aviation Industrial Fund both pulled out of a Chinese consortium that had agreed to make the US$4.7 billion purchase. A lack of Chinese government support for the deal was cited by one of the people as one of the reasons why the two withdrew, but a third person said that AIG is still negotiating to sell Los Angeles-based International Lease Finance Corporation to the consortium.
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