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American International Group has decided not to sell its aircraft leasing unit, International Lease Finance Corp, the Financial Times said, citing people close to the situation.

ÌìÃÀÍøÕ¾´«Ã½´«Ã½ has realized that it will not reap a big profit from the divestment of its aircraft leasing unit, prompting it to scrap the sale plans, the paper said.

On Monday, Standard & Poor’s cut its ratings on International Lease Finance Corp, saying that ÌìÃÀÍøÕ¾´«Ã½´«Ã½ may hold out for years before selling the company.

ÌìÃÀÍøÕ¾´«Ã½´«Ã½’s decision to shelve the leasing unit sale plan could result in the departure of Steven Udvar-Hazy, ILFC’s co-founder, who was leading a consortium trying to buy parts of the company, according to the paper.

ÌìÃÀÍøÕ¾´«Ã½´«Ã½, which has been propped up by around $180 billion in government funds, has struggled to find buyers due to the aircraft leasing company’s high debt load of around $30 billion.

ÌìÃÀÍøÕ¾´«Ã½´«Ã½ could not be immediately reached for a comment by Reuters outside of regular U.S. business hours.

(Reporting by Sakthi Prasad in Bangalore; Editing by Valerie Lee)

Topics Aviation ÌìÃÀÍøÕ¾´«Ã½´«Ã½