Insurer American International Group, Inc. (AIG) is looking to sell part of its airplane-leasing business through an initial public offering, the Wall Street Journal reported, citing people familiar with the matter.
AIG expects that an IPO of International Lease Finance Corp. or ILFC could raise $1.5 billion to $2 billion if market conditions are favorable, the report said.
Following its stock sale in May, AIG has been assessing strategic options for ILFC, which isn't core to its business of selling insurance. The company has considered selling all or part of the business, according to the report.
Proceeds from a sale or IPO of ILFC will be used to repay the U.S. government. The U.S. Department of the Treasury currently holds 77 percent stake in AIG, following the company's 2008 bailout.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.