AIG Subsidiary Announces Commencement of Exchange Offer

International Lease Finance Corporation, a wholly owned subsidiary of American International Group, Inc. AIG, announced today that it has commenced a registered exchange offer to exchange up to $1,250,000,000 8.625% Senior Notes due 2015, which have been registered under the Securities Act of 1933, as amended, for any and all of its privately placed 8.625% Senior Notes due 2015, and up to $1,500,000,000 8.750% Senior Notes due 2017, which have been registered under the Securities Act, for any and all of its privately placed 8.750% Senior Notes due 2017 .