AIG sale of ILFC has May 15 deadline - filing

Mon Dec 10, 2012 1:36pm GMT

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Dec 10 (Reuters) - American International Group Inc and the Chinese consortium buying its plane leasing business ILFC would have the right to terminate the deal if it had not closed by May 15 of next year, AIG said in a regulatory filing on Monday.

AIG said it would also retain the right to at least one seat on ILFC's board as long as it retained around a 5 percent stake in the company.


After wave of QE, onus shifts to leaders to boost economy

DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.