Aerolíneas Argentinas Agrees to Lease Four Airbus A330-200s from ILFC

Aerolíneas Argentinas Agrees to Lease Four Airbus A330-200s from ILFC

PARIS--(BUSINESS WIRE)-- International Lease Finance Corporation (ILFC), a wholly owned subsidiary of American International Group, Inc. (NYS: AIG) , announced it has signed an agreement to add four A330-200 widebody aircraft to the Aerolíneas Argentinas (Aerolíneas) fleet this year.

"ILFC is honored to work with Aerolíneas to help support the airline's strategic initiatives to grow its fleet and increase the network of long-range services throughout the region," commented ILFC Chief Executive Officer Henri Courpron. "We are delighted to introduce the A330-200 aircraft to the Aerolíneas fleet. This transaction highlights ILFC's unique ability to provide a comprehensive, tailored fleet solution that meets our customer's specific requirements."


"For the last four years and under the Argentine State managed turnaround, Aerolíneas Argentinas has been committed to a solid business plan. Our widebody fleet has been modernized and simplified to serve a very challenging geographical network. On the process towards newer generation solutions, the introduction of four A330-200 from very prestigious and long standing partner ILFC represent a new step in the right direction," said Sergio Garcia Gomez, VP Fleet Planning. "These modern Airbus aircraft will provide the latest in technologies and offer our passengers new levels of comfort and entertainment options while onboard."

The four previously operated aircraft will be completely modernized with new cabin interiors including state-of-the-art Inflight Entertainment options available in every seat. Deliveries of the aircraft are scheduled to take place later this year.

About Aerolíneas Argentinas

Founded in 1950, Aerolíneas Argentinas is one of the leading South American carriers. From its home bases in Aeroparque Jorge Newbery and Ezeiza International Airport in Buenos Aires, Aerolíneas Argentinas flies to 18 international destinations in The Americas, Europe and the South Pacific. Along with Austral Líneas Aéreas, Aerolíneas operates flights to 35 destinations in Argentina, flying to more cities in the Argentine territory than any other airline. Aerolíneas provides dynamic links between Argentina and the region through its relaunched hub in Aeroparque Jorge Newbery city airport. The Aerolíneas group is carrying out an ambitious fleet renewal program. With a target fleet size of 78 aircraft by 2015, today's fleet has seen age reductions by 50% to an average of 7 years and is composed of 57 aircraft (11 A340, 26 B737-700/800 and 20 E-190). The airline is a member of the SkyTeam global alliance since September 2012. www.aerolineas.com

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 aircraft, 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

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.



International Lease Finance Corporation
Paul Thibeau, +1 310-788-1999
pthibeau@ilfc.com

KEYWORDS:   Argentina  Europe  South America  France

INDUSTRY KEYWORDS:

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