ILFC, looking at planes, in $2 bln credit deal

* ILFC is in the market for new planes

NEW YORK

Jan 31 (Reuters) - Aircraft leasing company International Lease Finance Corp signed a new $2 billion revolving credit agreement on Monday, a key step for the company as it considers buying new planes.

ILFC, a subsidiary of bailed-out insurer American International Group (AIG.N), said the money under the three-year deal could be used for general corporate purposes.

Units of Citigroup (C.N), JPMorgan Chase & Co (JPM.N) and Bank of America (BAC.N) served as lead arrangers and book runners on the deal. The three were also the joint lead arrangers on bank credit lines for AIG and its property insurance arm Chartis last month.

ILFC Chief Executive Henri Courpron told Reuters last week he was looking at a range of planes for new orders, though he added the company had not yet decided to make any purchases.

AIG executives have said ILFC is not a core business for the future of the restructured company and that it will eventually be sold. The timing and manner of that sale remain unclear. (Reporting by Ben Berkowitz; editing by John Wallace)

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