Insurer American International Group Inc. has received a delayeddeposit payment from the Chinese consortium buying its ILFCairplane leasing business, AIG said in a regulatory filing onWednesday.

Last week AIG said it had not received the payment as scheduled,a development that threatened to derail the deal, worth up to $4.8billion.

AIG and a spokesman for the consortium were not immediatelyavailable to comment.

AIG announced the deal last December. Two weeks ago, the twosides agreed to extend the deadline for the deal's closing by amonth, to mid-June.

The Chinese consortium includes New China Trust, one-fifth ownedby Barclays Plc; China Aviation Industrial Fund; and P3 InvestmentsLtd. An arm of Industrial and Commercial Bank of China, China'sbiggest bank, intends to join the group once the deal hadregulatory approval.

ILFC was the last key asset that AIG was attempting to disposeof following its government-backed restructuring. AIG filed to takethe business public in 2011 before ultimately agreeing on the salelast year.

With nearly 1,000 owned or managed planes, ILFC is one of theworld's largest players in the business of buying aircraft andleasing them to airlines. It has recorded heavy charges in recentyears to write down the value of older planes in its fleet.

The sale price for ILFC was about half of what AIG once insistedthe business was worth.

AIG shares were up 1.7 percent to $44.86 in morning trading.

(Reporting by Ben Berkowitz; Editing by Jeffrey Benkoe and JohnWallace)