According to a regulatory filing, American International Group reached an agreement with a consortium of Chinese investors to extend the deadline to complete the sale of AIG’s aircraft leasing unit, International Lease Finance Corporation.

The filing said that July 31, 2013 is the date on which AIG or the purchaser may terminate the share purchase agreement, if the closing of the transaction has not yet occurred.

Under the amendment, AIG may pursue other offers for ILFC and may continue to pursue the alternative of a public offering. Under the amendment, AIG may terminate the share purchase agreement prior to July 31, 2013, if AIG reasonably determines in good faith that closing conditions relating to regulatory matters would not be satisfied by that date.

On December 9, 2012, AIG and an investor group led by Weng Xianding, the chairman of New China Trust, announced that they have entered into a share purchase agreement under which AIG will sell 80.1% of its equity to the investor group for approximately $4.2 billion in cash, with an option for the investor group to buy an additional 9.9% stake.

To read the full regulatory filing click here.

Previously on monitordaily: Chinese Group Misses Payment in ILFC Sale Deal, June 3, 2013.