AerCap hopes buyout houses will be interested in taking some of ILFC’s older aircraft assets according to Bloomberg, which cited a person briefed on the discussions.
AIG is looking to sell ILFC as part of a wider plan to recoup capital and pay back the US Government for the bailout it received at the height of the financial crash in 2008.
A combination of ILFC and AerCap would remain second by fleet size to General Electric’s aircraft leasing division GECAS, which has a fleet of 1,700 passenger jets. AerCap has a fleet of 373 aircraft, according to its website.
US private equity firm Cerberus Capital management previously owned a stake in Aercap, but sold the last of its shares in March this year.
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