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

FMI: www.ilfc.com, www.aig.com