AIG (AIG) Close to Selecting Bankers in ILFC IPO

American International Group (NYSE: AIG) is one step closer to selling its air leasing branch. Talks about the sale have been going on since 2008, with things heating up last week.

Now, the Wall Street Journal is saying that AIG may have chosen bankers, if tentatively. Who's on the list? Some familiar faces like Bank of America (NYSE: BAC), Citigroup (NYSE: C), and J.P. Morgan (NYSE: JPM). Of course, the U.S. government has to sign off on the picks, which means Goldman (NYSE: GS) might be a shoo-in as well.

Expected to take place this fall, AIG's air lease unit, International Lease Finance Corp. (ILFC), is expected to draw $1.5 billion in it's IPO, making it one of the largest in 2011. ILFC is currently valued at $8 to $10 billion, based on current market conditions.

AIG closed 2.3 percent higher today, but is trading relatively flat after hours.

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