Reuters logo
AIG extends deadline on sale of $4.8bln aircraft leasing unit-Basis Point
August 7, 2013 / 10:16 AM / 4 years ago

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

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.

Our Standards:The Thomson Reuters Trust Principles.
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