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 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.