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Sale of ILFC to Chinese Group at Risk; Deposit Payment Missed

June 03, 2013, 07:01 AM
Filed Under: Mergers & Acquisitions

Reuters reported a Chinese group's purchase of ILFC could collapse after American International Group said on Friday it did not receive a scheduled deposit payment.
According to the report, under terms of the agreement, the missed payment gives AIG the right to cancel the sale, though such a decision was not expected to be imminent. AIG declined to comment, while a spokesman for the consortium was not immediately available to comment, according to the report.

The Reuters report said that executives at aircraft leasing companies have speculated since the deal was announced last December that it might not close.

To read the full Reuters report, click here.

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