Company CEO Says Focus Is On "Expanding Customer
Relationships"
International Lease Finance Corporation (ILFC), which is owned
by American International Group, announced Thursday that it has
entered into 114 lease commitments so far in 2011.
ILFC Chief Executive Officer, Henri Courpron commented,
“ILFC’s focus today is on expanding our customer
relationships around the world and our lease activity is responding
positively. Airlines are acknowledging ILFC’s financial
strength and the appeal of our portfolio and order book.”
2011 Year-to-date highlights:
Entered into 114 lease commitments
Ordered 100 Airbus A320neo family aircraft and 33 Boeing
737-800s
Secured term loan facility for $1.5 billion with sixteen banks
worldwide
Obtained unsecured Bank Revolver for $2 billion with eleven
global banks
Raised $2.25 billion in unsecured public debt issued in two
tranches at interest rate of 5.75% and 6.25% for five year and
eight year maturities, respectively. More than 175 investors
included in each tranche
Completed tender offer of $1.75 billion for bond maturities in
2012 and 2013 to continue efforts to better distribute annual debt
maturities
Optimized mix of fixed versus floating debt to protect against
rising interest rates
Opened office in Amsterdam to address Europe, Middle East, and
Africa
Currently planning further office expansion in Asia Pacific
region
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