AIG Hires Patton Boggs to Lobby on Plane-Lease Unit Deal

American International Group Inc. (AIG), the insurer that repaid a U.S. bailout last year, hired Patton Boggs LLP to lobby lawmakers over a deal to sell its aircraft- leasing unit.

The firm registered to represent AIG effective Dec. 7, the day the insurer said it was in talks to sell International Lease Finance Corp. to a group of Chinese investors. The $4.2 billion deal requires approval from regulators in China and the U.S.

AIG suspended all lobbying in October 2008, a month after the U.S. provided the first part of a $182.3 billion rescue. The U.S. on Dec. 11 sold the last shares it had acquired in the bailout of the New York-based insurer.

Patton Boggs handles regulatory and legal matters related to international business deals, according to the Washington- based firm’s website. CNBC reported earlier today that AIG hired the firm.

“AIG has provided information about the company to government officials on an ongoing basis, said Jim Ankner, a spokesman for the insurer. “The reported activity is an extension of those efforts.”

To contact the reporter on this story: Zachary Tracer in New York at ztracer1@bloomberg.net

To contact the editor responsible for this story: Dan Kraut at dkraut2@bloomberg.net

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.