Citing people knowledgeable about the talks, the
paper said the price would include $3 billion in cash and a
minority stake in the Netherlands-based AerCap valued at
approximately $2 billion.
Reuters reported on Friday that the two companies were in
discussions about a sale.
AIG had to be bailed out by the U.S. government when derivative
bets nearly wiped it out in the global financial crash of 2008,
and has been trying for at least four years to sell
California-based International Lease Finance Corp (ILFC) to help
repay the government.
If AerCap acquires ILFC, currently the world's second largest
aircraft lessor by fleet size behind only General Electric <GE.N>'s
Gecas unit, the combination would become the world's largest
aircraft-leasing company. Gecas has a fleet of 1,700 passenger
In December 2012, AIG announced that it had reached agreement to
sell up to 90 percent of ILFC to a consortium of investors based
mainly in China for $4.7 billion, but the deal has never gone
AIG has long said it regards the leasing unit as a non-core
(Reporting by Sharon Begley; editing
by Chris Reese)
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