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When asked whether AIG will do what's best for the taxpayer or for the shareholder, Robert Benmosche, AIG director/presi...


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AIG Gets Bids for Aircraft Leasing Business

By: CNBC.com with Wires | 12 Jan 2009 | 04:44 PM ET
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American International Group received the first round of bids for its aircraft leasing unit and could announce a sale of assets of less than $1 billion as early as this week, CNBC has learned.

According to sources, AIG [AIG  Loading...      ()   ] has received bids for its International Lease Finance Corp aircraft leasing unit from several parties, including private equity firms. The sale is being handled by investment bank Moelis & Co.

AIG has hired UBS to advise on sales of its asset management business.

Blackstone Group is the global coordinator for the sale of AIG's assets.

AIG declined to comment.

- Reuters contributed to this report.

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