International Lease Finance Corporation (ILFC), a wholly owned subsidiary of American International Group, Inc. (Los Angeles), has announced that it has finalized an order for the purchase of 100 A320neo family aircraft from Airbus.
The final agreement with Airbus provides for model flexibility but initially includes both A320neo and A321neo for a total of 100 aircraft. Deliveries will start in 2015. As noted previously, Pratt & Whitney has been selected to power a minimum of 60 units with their PurePower PW1100G offering.
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.
International Lease Finance Corporation (ILFC) (Los Angeles), a wholly-owned subsidiary of American International Group, Inc., announced the recent lease placement of ten aircraft which brings the company’s total lease placements year-to-date to 150.
Recent lease commitments:
- one (1) Airbus A320-200 aircraft to Royal Falcon Airlines (Jordan)
- one (1) Boeing 767-300 aircraft to Transaero Airlines (Russia)
- one (1) Airbus A320-200 aircraft to Sichuan Airlines Corporation Ltd. (China)
- one (1) Boeing 737-800 aircraft to PT. Garuda Indonesia (Indonesia)
- two (2) Airbus A340-300 aircraft to Finnair Aircraft Finance Ltd. (Finland)
- one (1) Airbus A330-300 aircraft to Air Transat A.T. Inc. (Canada)
- one (1) Boeing 747-400 aircraft to Air Atlanta Icelandic (Iceland)
- two (2) Boeing 737-700 aircraft to Lucky Air Company Limited (China)