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-11.24.25

AirborneNextGen-
11.18.25

Airborne-Unlimited-11.19.25

Airborne-AffordableFlyers-11.20.25

AirborneUnlimited-11.21.25

LIVE MOSAIC Town Hall (Archived): www.airborne-live.net

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

ANN's Daily Aero-Term (11.28.25): Unmanned Aircraft System (UAS)

Unmanned Aircraft System (UAS) An unmanned aircraft and its associated elements related to safe operations, which may include control stations (ground, ship, or air based), control>[...]

ANN's Daily Aero-Linx (11.28.25)

Aero Linx: Cactus Fly-In The Classic Airplane Association of Arizona, Inc. (CAAA) was incorporated in Arizona as a not for profit corporation on January 10, 2014. The CAAA roster i>[...]

Airborne 11.21.25: NTSB on UPS Accident, Shutdown Protections, Enstrom Update

Also: UFC Buys Tecnams, Emirates B777-9 Buy, Allegiant Pickets, F-22 And MQ-20 The NTSB's preliminary report on the UPS Flight 2976 crash has focused on the left engine pylon's sep>[...]

Airborne 11.26.25: Bonanza-Baron Fini, Archer v LA NIMBYs, Gogo Loses$$$

Also: Bell 505 on SAF, NYPA Gets Flak For BizAv 'Abuse', FAA Venezuela Caution, Horizon Update Textron Aviation has confirmed it will be ending production of the Beechcraft Bonanza>[...]

Airborne-NextGen 11.25.25: EHang Manned Flt, Army UAVs, Starship V3 Booster Boom

Also: FedEx SAF, Archer Midnight Powertrain Tech, Rocket Lab Record, Perseverance Rover Find EHang has logged a major milestone in the development of its pilotless air taxi, loggin>[...]

blog comments powered by Disqus



Change Display

Headlines Only | Headlines w/ Teasers | View Everything

Advertisement

Top Videos

Airborne 10.03.25: Phantom 3500 Buy, ‘Chinese Military Company’, NOTAM Redesign

Airborne Affordable Flyers 10.02.25: MOSAIC Start Date, AFE25 Tickets, ePulitzer

Airborne 10.01.25: New Gulfstream G300, Affordable Flying Expo Tkts, Starship 11

See All

Advertisement

Podcasts

Advertisement

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