AIG extends deadline on sale of $4.8 billion aircraft leasing unit: Basis Point
HONG KONG (Reuters) - U.S. insurer American International Group Inc (AIG.N: Quote) has extended the deadline for the sale of its $4.8 billion ILFC aircraft leasing unit to a Chinese consortium to August 31, Basis Point, a Thomson Reuters publication, reported on Wednesday, citing sources.
AIG Chief Executive Bob Benmosche said last week on a post-earnings conference call that the company was open to an initial public offering of the unit if a deal does not go through.
The Chinese consortium, which has missed earlier deadlines, includes P3 Investments, New China Trust Co, one-fifth owned by Barclays Plc (BARC.L: Quote) and China Aviation Industrial Fund.
(Reporting by Jacqueline Poh of Basis Point; Writing by Stephen Aldred; Editing by Matt Driskill)
© Thomson Reuters 2017 All rights reserved.