Exhibit 99.1

ILFC ANNOUNCES PRICING OF $650,000,000 OF 8.625% SENIOR NOTES DUE 2022

LOS ANGELES, CA —International Lease Finance Corporation (“ILFC”), a wholly owned subsidiary of American International Group, Inc. (NYSE: AIG), announced today that it has priced, and entered into an agreement to issue and sell, subject to certain conditions, $650,000,000 aggregate principal amount of 8.625% senior notes due 2022 (the “Notes”) pursuant to an effective registration statement filed on August 7, 2009 with the Securities and Exchange Commission.

ILFC expects to close the offering on December 22, 2011, subject to the satisfaction of customary market and other closing conditions.

The Notes will pay interest semi-annually on each January 15 and July 15 at a rate of 8.625% per year, beginning July 15, 2012, and will mature on January 15, 2022.

The Notes will be unsecured and will not be guaranteed by ILFC’s parent, any of ILFC’s subsidiaries or any third party.

The Notes will be issued by ILFC at the initial price of 100.00% of the principal amount.  The aggregate net proceeds from the sale of the Notes, after deducting underwriting discounts and commissions, fees and estimated offering expenses, will be approximately $641.6 million and will be used by ILFC for general corporate purposes, including the repayment of existing indebtedness and the purchase of aircraft.

You may obtain a copy of the prospectus supplement and the related prospectus for free, when available, by visiting EDGAR on the SEC website at www.sec.gov.

This press release does not constitute an offer to sell or the solicitation of an offer to buy the Notes, nor shall it constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale is unlawful.

Forward Looking Statements

This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, statements related to the proposed closing date of the offering of the Notes and the expected use of the proceeds from the sale of the Notes. These forward-looking statements reflect ILFC’s current views with respect to future events and are based on assumptions and are subject to risks and uncertainties. Except for ILFC’s ongoing obligation to disclose material information as required by federal securities laws, it does not intend to update you concerning any future revisions to any forward-looking statements to reflect events or circumstances occurring after the date hereof.

About ILFC

ILFC is the world’s largest independent aircraft lessor measured by number of owned aircraft.  ILFC’s portfolio consists of over 1,000 owned or managed aircraft, as well as commitments to purchase 252 new high-demand, fuel-efficient aircraft for delivery through 2019 and rights to purchase an additional 50 aircraft. www.ilfc.com

About AIG

American International Group, Inc. (AIG) is a leading international insurance organization serving customers in more than 130 countries.  AIG companies serve commercial, institutional and individual customers through one of the most extensive worldwide property-casualty networks of any insurer.  In addition, AIG companies are leading providers of life insurance and retirement services in the United States.  AIG common stock is listed on the New York Stock Exchange, as well as the stock exchanges in Ireland and Tokyo. www.aig.com