AIG Enters Deal to Extend Airplane-Unit Sale Deadline to June 14

American International Group Inc. reached an agreement with a consortium of Chinese investors to extend by one month the deadline to complete a sale of AIG’s plane-leasing unit.

AIG or the acquirers may terminate the deal for International Lease Finance Corp. if it hasn’t closed by June 14, the New York-based insurer said today in a regulatory filing.

To contact the reporter on this story: Zachary Tracer in New York at ztracer1@bloomberg.net

To contact the editor responsible for this story: Dan Kraut at dkraut2@bloomberg.net

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