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Bloomberg: AIG in Sale Talks With AerCap on ILFC Jet-Leasing Unit

December 13, 2013, 07:00 AM
Filed Under: Aircraft

Bloomberg reports AIG is now in talks to sell its jet-leasing business, International Lease Finance Corp., to AerCap Holdings NV, people with knowledge of the matter said.  AerCap, based in Schiphol, Netherlands, has a market value of $2.56 billion. AerCap, the largest independent aircraft lessor with $15 billion of assets owned and under management, may team up with other bidders for ILFC, two people said.

According to the Bloomberg report, AIG hasn’t formally terminated its agreement with the Chinese group that last year said it would purchase a majority of International Lease Finance Corp. for about $4.2 billion, one person said, asking not to be identified as the information is private. 

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