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Daily Telegraph Report: AIG Hires Ken Moelis to Find Buyer for ILFC

Posted on 06 Jan 2009

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American International Group Inc. (AIG) has hired Kenneth Moelis to find a buyer for International Lease Finance Corp., according to the Daily Telegraph, which did not specificy its sources.  
Moelis & Co., the former UBS AG investment banking president’s boutique advisory firm, has been chosen to advise on the sale of ILFC, which may get about $8 billion to $10 billion, the newspaper said. Blackstone Group LP is also advising AIG, though its focus is advising the insurance group on a broad range of disposals, the Telegraph said.