Company Sees Improving Demand And Growth In Global Aircraft Leasing

International Lease Finance Corporation (ILFC), a wholly owned subsidiary of American International Group, Inc., announced Tuesday that the company completed a total of 281 lease transactions in 2013 including both extensions and new leases of aircraft from ILFC's portfolio. Furthermore, during 2013, the company ordered 165 new aircraft, purchased 38 aircraft (including the aircraft delivered on sale-leaseback agreements), sold 40 aircraft, and committed 14 aircraft to part-out.

“This past year represented a strong performance in our aircraft placements and further underscored ILFC’s unique ability to provide best-in-class strategic aircraft fleet solutions to our global customer base,” said ILFC Chief Executive Officer Henri Courpron. “I am proud of the ILFC team and their unrelenting commitment to strengthening our company’s operations, performance, and financial position.”

In 2013, ILFC enhanced its regional presence by expanding offices in Dublin and Singapore and further optimized the utilization of AeroTurbine in the sale and part-out of aircraft. ILFC currently serves a network of approximately 200 customers in more than 80 countries.

“With global growth gaining traction, ILFC has seen improvements in demand in all regions,” added ILFC Executive Vice President and Chief Marketing Officer Philip G. Scruggs. “Our scale, vision and reach allow us to see opportunities around the globe and to move aircraft across the regions of the world to achieve superior results for our shareholder and airline customers.”

FMI: www.ilfc.com