ILFC Plans To Boost Orders | 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-07.07.25

Airborne-NextGen-07.08.25

AirborneUnlimited-07.09.25

Airborne-AffordableFlyers-06.26.25

AirborneUnlimited-06.27.25

Wed, Jun 10, 2009

ILFC Plans To Boost Orders

Cites Increased Demand From Airlines

International Lease Finance Corp. (ILFC), Airbus and Boeing's biggest customer, said it will increase aircraft orders between 20 percent and 30 percent within the next 12 months to 18 months, Chief Executive Officer Steven Udvar-Hazy said in an interview in Kuala Lumpur on Monday. The boost is due to increasing demand from airlines to replace older models.

"We are seeing a significant replacement demand and fleet modernization demand in the next five years," Udvar-Hazy (pictured right) said.

The aircraft leasing company, a unit of American International Group, has about 1,000 jets placed with airlines around the world and an additional 168 on order. Demand is growing, particularly in the Asia-Pacific region, according to Airbus, and airlines globally may buy 24,300 planes worth $2.8 trillion over the next two decades.

According to Bloomberg News, two people familiar with the situation said last week AIG plans to sell ILFC. A group of investors, including Onex and Greenbriar Equity Group, has been selected as the preferred bidder.

The private-equity firms are negotiating to acquire Los Angeles-based ILFC and want to keep the company intact, said the sources, who asked not to be namer because talks are private. Onex and Greenbriar plan to keep ILFC founder and chief executive Udvar-Hazy to run the firm, said one of the people.

"We're marching ahead to meet a transaction. We're highly confident there will be a favorable transaction for all constituents," Udvar-Hazy said. He declined to comment on the preferred bidders and said the size of the deal will be "several billions of dollars." The deal may be completed by year-end, he said.

FMI: http://www.ilfc.com/

Advertisement

More News

Airborne 07.02.25: TikToker Arrested, Vietnam A/L Ground Hit, ATC Modernization

Also: Outlaw Prop 4 Mooney, Ready 4 Duty, Ukrainian F-16 Pilot Lost, Blue Origin Flt On his journey to become the first pilot to land solo on all seven continents, 19-year-old Etha>[...]

Airborne Affordable Flyers 07.03.25: Sonex HW, BlackShape Gabriel, PRA Fly-In 25

Also: DarkAero Update, Electric Aircraft Symposium, Updated Instructor Guide, OSH Homebuilts Celebrate The long-awaited Sonex High Wing prototype has flown... the Sonex gang tells >[...]

ANN's Daily Aero-Term (07.07.25): Discrete Code

Discrete Code As used in the Air Traffic Control Radar Beacon System (ATCRBS), any one of the 4096 selectable Mode 3/A aircraft transponder codes except those ending in zero zero; >[...]

Classic Aero-TV: DeltaHawk Aero Engine Defies Convention

From 2023 (YouTube Edition): Deviation from the Historical Mean Racine, Wisconsin-based DeltaHawk is a privately-held manufacturer of reciprocating engines for aircraft and hybrid >[...]

ANN's Daily Aero-Linx (07.07.25)

Aero Linx: Formation and Safety Team (F.A.S.T.), USA The Formation and Safety Team (FAST) is a worldwide, educational organization dedicated to teaching safe formation flying in Wa>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

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