In a June 6 regulatory filing with the US Securities and Exchange Commission (SEC), American International Group (AIG), parent of International Lease Finance Corporation (ILFC), confirmed that it received the scheduled deposit from Chinese consortium Jumbo Acquisition Limited on June 5 relating to the sale of up to 90% of the aircraft lessor stock. Jumbo Acquisition is an investor group consisting of New China Trust, China Aviation Industrial Fund and P3 Investments, which is led by Weng Xianding, Chairman of New China Trust, which agreed to buy 80.1% of the common stock of ILFC for approximately $4.23 billion in cash,
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