NEW YORK AIG (AIG) says it is in talks with a Chinese investor group to sell a controlling stake in its jet leasing business.
American International Group said Friday that the talks to sell a 90 percent stake in its International Lease Finance business are with a group led by New China Trust, New China Life Insurance, P3 Investments and China Aviation Industrial Fund.
AIG has said its jet leasing business is a non-core asset. It filed plans last year to take it public.
AIG provided no other details on a potential sale.
The U.S. government stepped in with $182 billion to rescue New York-based AIG from collapse in September 2008. The Treasury Department said in September that thefrom the company. That's all of the original investment, plus a return of $15.1 billion.
Treasury says that in recent months, sales of AIG shares have cut the government's stake in the insurance giant to less than 16 percent. The government has madeon the shares it has sold.
Shares of AIG on Friday rose nearly 2 percent.