UPDATE 2-Fiat chmn sees Avio sale "in hours," praises plan

Newswire

(Updates with S&P downgrade of IFIL in final paragraph) By Sabina Suzzi SIENA, Italy, June 30 (Reuters) - Fiat should sign off the sale of aviation unit Fiat Avio "in hours," Chairman Umberto Agnelli said on Monday, and praised a business plan that will use the sale money to help revive Fiat's historic car arm. Fiat agreed to sell Fiat Avio to private equity fund Carlyle and Italian defence group Finmeccanica in April but a deal has been long in coming with reported quibbles over ...

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