ILFC TO ACQUIRE AERCAP'S AEROTURBINE SUBSIDIARY

Los Angeles, CA, August 3, 2011 – International Lease Finance
Corporation (ILFC), a wholly owned subsidiary of American International
Group, Inc. (NYSE: AIG) (AIG), has announced today that it has signed an
agreement with AerCap Holdings N.V. (“AerCap”, NYSE: AER) to acquire its
AeroTurbine subsidiary.

The acquisition of AeroTurbine will provide synergies and allow ILFC to
realize more value from its fleet portfolio. These synergies will
maximize the value in the remaining life and ultimate disposition of
aircraft and provide a tool to optimize future aircraft portfolio and
operational acquisitions. ILFC will be working with AerCap to close the
acquisition over the coming months.

ILFC Chief Executive Officer Henri Courpron commented, “The acquisition
of AeroTurbine offers a new compelling strategic solution to maximize
value across the complete life cycle of an aircraft. The ability to
exercise this level of control over our assets will enhance value and as
importantly, inspire new dialogue with airlines with respect to their
fleet strategies.”

“We are excited about joining ILFC and contributing our expertise to
support the management of their fleet. Moreover, the marketing
combination of AeroTurbine and ILFC will produce unique and improved
product and service offerings for airlines. We look to gain access to
new customers as well as a more predictable inventory stream which will
drive economies of scale and provide opportunities for longer term parts
supply agreements,” said AeroTurbine Chief Executive Officer, Michael
King.

Historically, ILFC has identified opportunities to sell aircraft on
lease prior to their entering end-of-life phase with part-outs pursued
on only a small number of aircraft. The strategic acquisition of
AeroTurbine will offer an integrated value proposition increasingly
sought by our customers around the world. Citigroup Global Markets Inc.
acted as financial advisor to ILFC.