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

HONG KONG Wed Aug 7, 2013 6:14am EDT

HONG KONG Aug 7 (Reuters) - U.S. insurer American International Group Inc has extended the deadline for the sale of its $4.8 billion ILFC aircraft leasing unit to a Chinese consortium to Aug. 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 and China Aviation Industrial Fund.

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