August 7, 2013 / 10:19 AM / 4 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.

    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

    0 : 0
    • narrow-browser-and-phone
    • medium-browser-and-portrait-tablet
    • landscape-tablet
    • medium-wide-browser
    • wide-browser-and-larger
    • medium-browser-and-landscape-tablet
    • medium-wide-browser-and-larger
    • above-phone
    • portrait-tablet-and-above
    • above-portrait-tablet
    • landscape-tablet-and-above
    • landscape-tablet-and-medium-wide-browser
    • portrait-tablet-and-below
    • landscape-tablet-and-below