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-09.15.25

AirborneNextGen-
09.09.25

Airborne-Unlimited-09.10.25

Airborne-AffordableFlyers-09.11.25

AirborneUnlimited-09.12.25

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

NTSB Prelim: Lancair NLA-275-FR-C

About 2132 And At 11,800 Ft MSL, The Airplane Began A Rapid Right Spiraling Descent On August 18, 2025, about 2133 central daylight time, a Lancair NLA-275-FR-C airplane, N345LA, w>[...]

ANN's Daily Aero-Linx (09.12.25)

Aero Linx: The Collings Foundation The Collings Foundation is a non-profit, Educational Foundation (501(c)3), founded in 1979. The purpose of the Foundation is to preserve and exhi>[...]

Aero-News: Quote of the Day (09.12.25)

"This first FAA certification enables us to address the pilot shortage crisis with modern training solutions. Flight schools need alternatives to aging fleets with 40-year-old desi>[...]

ANN's Daily Aero-Term (09.12.25): North Atlantic High Level Airspace (NAT HLA)

North Atlantic High Level Airspace (NAT HLA) That volume of airspace (as defined in ICAO Document 7030) between FL 285 and FL 420 within the Oceanic Control Areas of Bodo Oceanic, >[...]

Aero-News: Quote of the Day (09.13.25)

“HITRON embodies the Coast Guard’s spirit of innovation and adaptability. From its humble beginnings as a prototype program, it has evolved into a vital force in our co>[...]

blog comments powered by Disqus



Change Display

Headlines Only | Headlines w/ Teasers | View Everything

Advertisement

Top Videos

Airborne 09.15.25: Last Call For RV-3/4/6, Second B-21, Dubai Show Bars Israelis

Airborne 09.12.25: Bristell Cert, Jetson ONE Delivery, GAMA Sales Report

Airborne Affordable Flyers 09.11.25: MWAE25, Tests-Flt Design F2, Vashon Ranger

See All

Advertisement

Podcasts

Advertisement

© 2007 - 2025 Web Development & Design by Pauli Systems, LC