AIG may sell $4 billion stake in aircraft leasing firm
Posted On: Apr. 1, 2015 12:00 AM CST
AIG may sell its holding in Dutch aircraft leasing company AerCap Holdings N.V., which could raise up to about $4 billion for the insurer, according to a Securities and Exchange Commission filing by Schipol, Netherlands-based AerCap.
In the Tuesday filing, AerCap said that American International Group Inc. owns nearly 96.7 million shares of the company. AIG received the AerCap shares in a $7.6 billion cash and stock deal in which it sold its International Lease Finance Corp. unit to AerCap last May, which gave AIG a 46% stake in AerCap. AerCap shares closed at $43.65 per share on Tuesday.
A spokesman for AIG said the company is not commenting on if and when it will sell any shares.