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LOS ANGELES, March 8, 2011 — International Lease Finance Corporation (ILFC), a wholly
owned subsidiary of American International Group, Inc. (NYSE: AIG), today announced that it has
signed a memorandum of understanding for the purchase of 100 A320neo family aircraft from
Airbus and a purchase agreement for 33 737-800 aircraft from Boeing. These decisions follow a
year in which ILFC regained access to substantial liquidity with initiatives that led to $14 billion in
financings and aircraft sales followed by a $2 billion revolving unsecured line of credit from
eleven banks. For the year ended December 31, 2010, the company recorded strong revenues and
cash flow from operations, positioning ILFC for future growth.

The purchase agreement with Boeing will secure near-term access to the popular 737-800 aircraft
with deliveries beginning in 2012. The memorandum of understanding with Airbus includes 75
A320neo and 25 A321neo, 60 of which will be powered by the Pratt & Whitney PurePower
PW1100G engine beginning in 2016. This new agreement with Airbus will replace ILFC’s prior
commitment for ten A380s.

ILFC Chief Executive Officer Henri Courpron commented, “These orders rebalance ILFC’s order
book and allow us to continue to offer the most technologically advanced single-aisle aircraft to
our customers. They perfectly complement our existing widebody orders for the 787 and A350

ILFC Chief Financial Officer Fred Cromer continued, “We are pleased that the liquidity initiatives
completed over the last twelve months have put ILFC in a position to take on these orders for new

About ILFC
ILFC is the international market leader in the leasing and remarketing of commercial jet aircraft to
airlines around the world. The people of ILFC have a strong commitment to aviation and its role
in building relationships across the globe that drive innovation, prosperity, and understanding.
ILFC currently owns a portfolio consisting of approximately 930 jet aircraft.

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.

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