ILFC Unveils Intention to Purchase 50 E-Jets E2 Aircraft from Embraer
ILFC Unveils Intention to Purchase 50 E-Jets E2 Aircraft from Embraer
Deal Includes Additional 50 Options and Marks the Introduction of E-Jets Family to ILFC Fleet
PARIS--(BUSINESS WIRE)-- International Lease Finance Corporation (ILFC), a wholly owned subsidiary of American International Group, Inc. (NYS: AIG) , announced today that it signed a letter of intent, subject to final agreement, for the purchase of 50 E-Jets E2 aircraft from Embraer, including 25 E190-E2 and 25 E195-E2. The deal also includes options for an additional 50 aircraft, and marks the introduction of the E-Jets Family to the company's diverse aircraft fleet.
ILFC Unveils Intention to Purchase 50 E-Jets E2 Aircraft from Embraer (Photo: Business Wire)
"The addition of the E-Jets E2 to our fleet is an exciting prospect, and we look forward to developing our relationship with Embraer," said ILFC Chief Executive Officer Henri Courpron. "We are constantly listening to our customers with the objective of executing on our commitment to offer the most suitable aircraft for their needs. These new aircraft would bring value and operational efficiencies to our customers and further position ILFC as the most responsive and resourceful aircraft lessor today."
"The ILFC's order demonstrates the huge potential the company sees in the market and this airplane family," said Paulo Cesar Silva, President and CEO, Embraer Commercial Aviation. "We thank ILFC for becoming a new E-Jets customer and for endorsing the E2 program. As the launch customer for the E2, among leasing companies, ILFC's global footprint and its diversified operator base will ensure access of even more airlines around the world to the airplanes."
Deliveries of the new aircraft are expected to begin in January 2018 and complete in 2023. The E-Jets E2 are configured with new aerodynamically advanced wings, new engine, full fly-by-wire flight controls, and advancements in other systems, which will result in double-digit improvements in fuel burn, maintenance costs, emissions, and external noise.
About Embraer
Embraer S.A. (NYSE: ERJ; BM&FBOVESPA: EMBR3) is the world's largest manufacturer of commercial jets up to 120 seats, and one of Brazil's leading exporters. Embraer's headquarters are located in São José dos Campos, São Paulo, and it has offices, industrial operations and customer service facilities in Brazil, China, France, Portugal, Singapore, and the USA. Founded in 1969, the Company designs, develops, manufactures and sells aircraft and systems for the commercial aviation, executive aviation, and defense and security segments. It also provides after sales support and services to customers worldwide. For more information, please visit www.embraer.com.br.
About ILFC
International Lease Finance Corporation (ILFC) is a global market leader in the leasing and remarketing of commercial aircraft. With approximately 1,000 owned and managed aircraft and commitments to purchase 293 new high-demand, fuel-efficient, ILFC is the world's largest independent aircraft lessor. ILFC has approximately 200 customers in more than 80 countries and provides part-out and engine leasing 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
About AIG
American International Group, Inc. (AIG) is a leading international insurance organization serving customers in more than 130 countries. AIG companies serve commercial, institutional, and individual customers through one of the most extensive worldwide property-casualty networks of any insurer. In addition, AIG companies are leading providers of life insurance and retirement services in the United States. AIG common stock is listed on the New York Stock Exchange and the Tokyo Stock Exchange. Additional information about AIG can be found at www.aig.com.
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International Lease Finance Corporation
Paul Thibeau, +1-310-788-1999
pthibeau@ilfc.com
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