August 7, 2013 / 10:19 AM / 5 years ago

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) 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.

The logo of American International Group (AIG) is seen at their offices in New York in this file photograph from September 18, 2008. REUTERS/Eric Thayer/Files

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) and China Aviation Industrial Fund.

Reporting by Jacqueline Poh of Basis Point; Writing by Stephen Aldred; Editing by Matt Driskill

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