AIG has been trying to sell ILFC, one of the two biggest aircraft-leasing companies in the world, for the past year. The company may name John Plueger, currently ILFC's president and chief operating officer, to succeed Mr. Udvar-Hazy as chief executive, according to a person familiar with the matter. Discussions on the succession plan are continuing, said another individual.
Mr. Udvar-Hazy, who turns 64 years old in February, was succeeded last month as chairman of ILFC by Douglas Steenland, an AIG board member and the former president and CEO of Northwest Airlines. That change wasn't announced by ILFC or AIG. Mr. Udvar-Hazy has made no comment about his imminent departure.