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AIG Gets Bids for Aircraft Leasing Business
Topics:Blackstone Group | Airlines | Banking
Sectors:Financial Services | Banks
Companies:The Blackstone Group | UBS AG | American International Group Inc
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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
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] 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.
© 2009 CNBC.com
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TOPIC : Blackstone Group
COMPANY : American International Group Inc
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