ILFC and American Sign New Sale-Leaseback Agreement for Boeing Aircraft Including 15 B737-800s and One B777-300ER
Arrangement Further Advances ILFC's Strategy To Leverage Its Financial Strength To Support Leading Airlines In Optimizing Their Fleets
LOS ANGELES--(BUSINESS WIRE)-- International Lease Finance Corporation (ILFC), a wholly owned subsidiary of American International Group, Inc. (NYS: AIG) , announced today it has entered into an agreement with American Airlines (American) for the purchase and leaseback of an additional 15 new B737-800 and one new B777-300ER aircraft.
The B737 aircraft are scheduled for delivery between May 2013 and December 2014. The B777 widebody aircraft is forecasted to deliver in the second half of March 2013. ILFC and American had entered into a previous sale-leaseback agreement for 15 Boeing 737-800 next generation aircraft in 2011. The final delivery of those aircraft was completed in 2012 and they are operating today.
"We're pleased to strengthen our partnership with American by strategically leveraging our strong financial position to support the airline's efforts to enhance its fleet and increase network flexibility," said ILFC Chief Executive Officer Henri Courpron. "This new agreement is another important achievement in ILFC's efforts to complement its order book opportunistically with sale-leaseback transactions."
International Lease Finance Corporation (ILFC) is a global market leader in the leasing and remarketing of commercial jet aircraft. With more than 1,000 owned and managed aircraft and commitments to purchase 229 new high-demand, fuel-efficient aircraft and rights to purchase an additional 50 A320neo family aircraft, ILFC is the world's largest independent aircraft lessor. ILFC leases aircraft to approximately 200 airlines in more than 80 countries and provides part-out, engine leasing and engine exchange services through its subsidiary, AeroTurbine. ILFC operates from offices in Los Angeles, Amsterdam, Beijing, Dublin, Miami, Seattle, and Singapore. ILFC is a wholly owned subsidiary of American International Group, Inc. (AIG). www.ilfc.com Twitter: @ILFCGlobal
AIG is the world's largest insurance organization, serving more than 88 million customers in over 130 countries and jurisdictions around the world. AIG businesses are market leaders in property casualty insurance, life insurance and retirement services, mortgage insurance, and aircraft leasing. Additional information about AIG can be found at www.aig.com YouTube: www.youtube.com/aig Twitter: @AIG_LatestNews LinkedIn: http://www.linkedin.com/company/aig
International Lease Finance Corporation
Paul Thibeau, 310-788-1999
KEYWORDS: United States North America California
The article ILFC and American Sign New Sale-Leaseback Agreement for Boeing Aircraft Including 15 B737-800s and One B777-300ER originally appeared on Fool.com.
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