June 16, 2008: ILFC debt is cut to sell by Bank of America Corp. as AIG Chief Executive Officer Robert Willumstad seeks to recover from investment losses. "It is hard to argue that ILFC presents a good strategic fit," analyst John Guarnera says.
June 26, 2008: Willumstad calls ILFC a core holding. AIG's ownership helps ILFC capitalize on "opportunities when others cannot," says Udvar-Hazy, the unit's CEO.
Sept. 16, 2008: ILFC requests to draw the maximum $6.5 billion from credit lines as AIG is bailed out after capital fell short.
Nov. 21, 2008: Udvar-Hazy says AIG will sell ILFC to a group of investors and the unit's management by early 2009.
Jan. 16, 2009: Carlyle Group, Kohlberg Kravis Roberts & Co., TPG Inc. and Greenbriar Equity Group LLC are bidding for ILFC, Bloomberg reports, citing people familiar with the situation.
June 3, 2009: AIG may break up ILFC, the Financial Times reports. The Federal Reserve Bank of New York is balking at suitors' demands for funding to refinance debt, the FT says.
Oct. 13, 2009: AIG extends $2 billion in credit to ILFC, which is unable to borrow from its usual sources of funding.
Nov. 6, 2009: AIG says it accessed $4.2 billion from a Treasury Department facility to restructure ILFC and a mortgage insurer.
Dec. 18, 2009: ILFC is cut to junk by Moody's Investors Service.
Feb. 4, 2010: Udvar-Hazy resigns as CEO.
March 16, 2010: ILFC says it's planning its first offering of unsecured bonds in almost two years.
May 19, 2010: Ex-Airbus SAS manager Henri Courpron is named CEO, the third head since Udvar-Hazy's exit three months earlier.
April 20, 2011: Udvar-Hazy says he's interested in buying back ILFC after he started rival Air Lease Corp. and took it public.
Sept. 2, 2011: AIG files for an initial public offering of ILFC.
