ILFC orders 33 Boeing 737-800s and 100 Airbus A320/A321neos, cancels 10 A380s

International Lease Finance Corporation (ILFC) (Los ANgeles), a wholly owned subsidiary of American International Group, Inc., yesterday (March 8) announced that it has signed a memorandum of understanding (MOU) for the purchase of 100 A320NEO family aircraft from Airbus and a purchase agreement for 33 737-800 aircraft from Boeing.

These decisions follow a year in which ILFC regained access to substantial liquidity with initiatives that led to $14 billion in financings and aircraft sales followed by a $2 billion revolving unsecured line of credit from eleven banks. For the year ended December 31, 2010, the company recorded strong revenues and cash flow from operations, positioning ILFC for future growth.

The purchase agreement with Boeing will secure near-term access to the popular 737-800 aircraft with deliveries beginning in 2012. The memorandum of understanding with Airbus includes 75 A320NEO and 25 A321NEO, 60 of which will be powered by the Pratt & Whitney PurePower PW1100G engine beginning in 2016. This new agreement with Airbus will replace ILFC’s prior commitment for ten A380s.

ILFC currently owns a portfolio consisting of approximately 930 jet aircraft.

 

2 thoughts on “ILFC orders 33 Boeing 737-800s and 100 Airbus A320/A321neos, cancels 10 A380s

  1. T. Ramesh Babu

    Dear Sir,

    We are looking for one 180 passenger aircraft (Either Boeing 737-800 or A-300) on ACMI basis for one year period for operating between Andaman-Chennai (India). Minimum 250 hours per month are assured. The aircraft should be of less than 15 yrs.of YOM. Please let us know the feasibility of rendering. (2) Also one B-1900 (less than 15 yrs. of YOM, on ACMI, for one year with Stretcher/Ventilator/Emergeny medial aids/Oxygen etc. Thanking you.

    1. brucedrum Post author

      Thank you Mr. Babu. You will need to contact directly one of the aircraft leasing companies. This is an airline news blog.

      Bruce

Comments are closed.