American International Group Inc. (NYSE: AIG) confirmed today that it
is in discussions to sell a 90 percent interest in International Lease
Finance Corporation (ILFC) to an investor group led by New China Trust
Co. Ltd., New China Life Insurance Co. Ltd. and P3 Investments Ltd.,
together with China Aviation Industrial Fund and an investment arm of
ICBC International.
AIG has consistently stated that ILFC is a non-core asset. Any possible
transaction involving ILFC would be subject to required regulatory
approvals, including those in the U.S. and China, and customary closing
conditions.
This press release contains "forward-looking statements" within the
meaning of the Private Securities Litigation Reform Act of 1995. In
particular, no assurance can be given that a sale of ILFC will be
consummated or, if consummated, regarding the terms thereof. These
forward-looking statements are not historical facts but instead
represent only AIG's belief regarding future events, many of which, by
their nature, are inherently uncertain and outside AIG's control. Except
for AIG's ongoing obligation to disclose material information as
required by federal securities laws, AIG is not under any obligation
(and expressly disclaims any obligation) to update or alter any
projections, goals, assumptions, or other statements, whether written or
oral, that may be made from time to time, whether as a result of new
information, future events or otherwise. Factors that could cause these
forward-looking statements to differ, possibly materially, from that
currently contemplated include the factors set forth in AIG's filings
with the United States Securities and Exchange Commission.
American International Group, Inc. (AIG) is a leading international
insurance organization serving customers in more than 130 countries and
jurisdictions. AIG companies serve commercial, institutional, and
individual customers through one of the most extensive worldwide
property-casualty networks of any insurer. In addition, AIG companies
are leading providers of life insurance and retirement services in the
United States. AIG common stock is listed on the New York Stock Exchange
and the Tokyo Stock Exchange.
Additional information about AIG can be found at www.aig.com.
