IPO of AIG's (AIG) ILFC Looking More Likely

American International Group Inc. (NYSE: AIG) plans to commence an IPO of its plane-leasing unit as a sale of the unit looks like it will end with no deal. AIG's International Lease Finance Corp. (ILFC) unit submitted a U.S. SEC filing showing updated financial results through June 30th, 2013, while also updating on its fleet. Though a sale isn't completely off the table, Chinese investors in the unit missed three deadlines. The group previously agreed to acquire ILFC for $4.2 billion last December. Through the end of July, ILFC said it owned and managed 1,000 aircraft, including one Boeing (NYSE: BA) 787 Dreamliner, which it leases to Norwegian Air Shuttle ASA. AIG is indicated higher after closing 0.4 percent better on Thursday. For the complete S-1 filing, click here.

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