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AIG extends deadline on sale of $4.8bln aircraft leasing unit-Basis Point

Wed, 07th Aug 2013 10:14

HONG KONG, Aug 7 (Reuters) - U.S. insurer AmericanInternational Group Inc has extended the deadline forthe sale of its $4.8 billion ILFC aircraft leasing unit to aChinese consortium to Aug. 31, Basis Point, a Thomson Reuterspublication, reported on Wednesday, citing sources.

AIG Chief Executive Bob Benmosche said last week on apost-earnings conference call that the company was open to aninitial public offering of the unit if a deal does not gothrough.

The Chinese consortium, which has missed earlier deadlines,includes P3 Investments, New China Trust Co, one-fifth owned byBarclays Plc and China Aviation Industrial Fund.

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