AIG Hires Patton Boggs to Lobby on Plane-Lease Unit DealZachary Tracer
American International Group Inc., 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.”