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ILFC sale extended by a month

14-May-2013 7:35 AM

International Lease Finance Corporation (ILFC) stated (10-May-2013) the date of sale to a Chinese consortium has been extended by one month. ILFC said: "The Amendment extends by one month, to June 14, 2013, the date on which any of AIG, Seller or Purchaser may terminate the Share Purchase Agreement if the closing of the Transaction has not yet occurred. The transaction is expected to close during the second quarter of 2013, subject to required regulatory approvals and customary closing conditions." On 10-May-2013, American International Group, AIG Capital Corporation, a wholly-owned direct subsidiary of AIG and the sole shareholder of ILFC, and Jumbo Acquisition Limited entered into an amendment to the Share Purchase Agreement relating to the sale of up to 90.0% of the company’s common stock. [more - original PR]