AIG Confirms Discussions to Sell a 90 Percent Stake in International Lease
Finance Corporation (ILFC)
NEW YORK -- December 07, 2012
American International Group, Inc. (NYSE: AIG) confirmed today that it is in
discussions to sell a 90 percent interest in International Lease Finance
Corporation (ILFC) to an investor group led by New China Trust Co. Ltd., New
China Life Insurance Co. Ltd. and P3 Investments Ltd., together with China
Aviation Industrial Fund and an investment arm of ICBC International.
AIG has consistently stated that ILFC is a non-core asset. Any possible
transaction involving ILFC would be subject to required regulatory approvals,
including those in the U.S. and China, and customary closing conditions.
This press release contains “forward-looking statements” within the meaning of
the Private Securities Litigation Reform Act of 1995. In particular, no
assurance can be given that a sale of ILFC will be consummated or, if
consummated, regarding the terms thereof. These forward-looking statements are
not historical facts but instead represent only AIG’s belief regarding future
events, many of which, by their nature, are inherently uncertain and outside
AIG’s control. Except for AIG’s ongoing obligation to disclose material
information as required by federal securities laws, AIG is not under any
obligation (and expressly disclaims any obligation) to update or alter any
projections, goals, assumptions, or other statements, whether written or oral,
that may be made from time to time, whether as a result of new information,
future events or otherwise. Factors that could cause these forward-looking
statements to differ, possibly materially, from that currently contemplated
include the factors set forth in AIG’s filings with the United States
Securities and Exchange Commission.
American International Group, Inc. (AIG) is a leading international insurance
organization serving customers in more than 130 countries and jurisdictions.
AIG companies serve commercial, institutional, and individual customers
through one of the most extensive worldwide property-casualty networks of any
insurer. In addition, AIG companies are leading providers of life insurance
and retirement services in the United States. AIG common stock is listed on
the New York Stock Exchange and the Tokyo Stock Exchange.
Additional information about AIG can be found at www.aig.com | YouTube:
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AIG is the marketing name for the worldwide property-casualty, life and
retirement, and general insurance operations of American International Group,
Inc. For additional information, please visit our website at www.aig.com. All
products and services are written or provided by subsidiaries or affiliates of
American International Group, Inc. Products or services may not be available
in all jurisdictions, and coverage is subject to actual policy language.
Non-insurance products and services may be provided by independent third
parties. Certain property-casualty coverages may be provided by a surplus
lines insurer. Surplus lines insurers do not generally participate in state
guaranty funds, and insureds are therefore not protected by such funds.
American International Group, Inc.
Jon Diat, 917-239-9241
Jim Ankner, 917-882-7677
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