AIG Airplane Unit Repays $3.9 Billion Loan Ahead Of Schedule | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Most Recent Daily Episodes

Episode Date

Airborne-Monday

Airborne-Tuesday

 Airborne-Wednesday Airborne-Thursday

Airborne-Friday

Airborne On YouTube

Airborne-Unlimited-05.06.24

Airborne-NextGen-05.07.24

 Airborne-Unlimited-05.08.24 Airborne-FlightTraining-05.09.24

Airborne-Unlimited-05.10.24

Tue, Aug 24, 2010

AIG Airplane Unit Repays $3.9 Billion Loan Ahead Of Schedule

Leasing Company Says It Can Now Operate Without Help From "Bailed Out" Parent

The aircraft leasing unit of American International Group (AIG) says it has repaid a $3.9 billion loan early, and has now regained its "financing freedom."

International Lease Finance Corp. says it should now be able to fund its self without assistance from its "bailed out" parent. The company worked out a $4.4 billion deal late last week to pay off a loan from the Federal Bank of New York made in 2009. The company said the loan was necessary to meet its obligations at the time.

The Wall Street Journal reports that ILFC manages nearly 1,000 aircraft. AIG had at one time determined that ILFC was a "non core asset" and had looked for a buyer for its airplane leasing arm. While AIG says now that the sale is "not imminent," a more stable financial picture could make ILFC a more attractive purchase.

ILFC reportedly has sold off some of its airplanes over the past year, but it still has orders on the books with Airbus and Boeing worth more than $13 billion. "We're not in a shrinking mode," said ILFC CEO Henri Courpron.

FMI: www.ilfc.com

Advertisement

More News

Airborne-Flight Training 05.09.24: ERAU at AIAA, LIFT Diamond Buy, Epic A&P

Also: Vertical Flight Society, NBAA Maintenance Conference, GA Honored, AMT Scholarship For the first time, students from Embry-Riddle’s Daytona Beach, Florida, campus took t>[...]

ANN's Daily Aero-Term (05.07.24): Hazardous Weather Information

Hazardous Weather Information Summary of significant meteorological information (SIGMET/WS), convective significant meteorological information (convective SIGMET/WST), urgent pilot>[...]

Aero-News: Quote of the Day (05.07.24)

"The need for innovation at speed and scale is greater than ever. The X-62A VISTA is a crucial platform in our efforts to develop, test and integrate AI, as well as to establish AI>[...]

NTSB Final Report: Cessna 150

(FAA) Inspector Observed That Both Fuel Tanks Were Intact And That Only A Minimal Amount Of Fuel Remained In Each Analysis: According to the pilot, approximately 8 miles from the d>[...]

Aero-News: Quote of the Day (05.08.24)

“Pyka’s Pelican Cargo is unlike any other UAS solution on the market for contested logistics. We assessed a number of leading capabilities and concluded that the Pelica>[...]

blog comments powered by Disqus



Change Display

Headlines Only | Headlines w/ Teasers | View Everything

Advertisement

Top Videos

Airborne 05.10.24: Icon Auction, Drunk MedEvac Pilot, Bell ALFA

Airborne-Flight Training 05.09.24: ERAU at AIAA, LIFT Diamond Buy, Epic A&P

Airborne 05.08.24: Denali Update, Dad-Daughter Gyro, Lake SAIB

See All

Advertisement

Podcasts

Advertisement

© 2007 - 2024 Web Development & Design by Pauli Systems, LC