ILFC

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ILFC

logo
legal form Corporation
founding 1973
resolution 2014
Reason for dissolution Incorporated into the AerCap
Seat Los Angeles , United States
management Henri Courpron (CEO), Fred Cromer (President)
Number of employees 170
sales $ 4.80 billion (2010)
Branch leasing
Website www.ilfc.com

The International Lease Finance Corporation , better known under the abbreviation ILFC , was one of the largest companies in the aircraft leasing sector , which was often also active in sale-and-lease-back transactions. Its main competitor was the US American GE Capital Aviation Services . In 2014, the ILFC was taken over by the Dutch leasing company AerCap and fully integrated into the company.

history

The US company was in 1973 by Steven F. Udvar-Házy and Leslie and Lou Gonda as Inter Lease Group Inc founded. In 1983 the company went public and in 1990 was 100% taken over by the American International Group .

ILFC had 2007 sales of $ 4.73 billion and a profit of $ 603 million with just 170 employees.

ILFC's customers included almost all airlines, large and small . Aircraft from the two largest manufacturers, Boeing and Airbus, with engines from various manufacturers, such as Pratt & Whitney and IAE , were offered.

ILFC hit the headlines again and again because of the high numbers that were ordered from the manufacturers. For example, ILFC applied itself with attributes such as the largest lessor in terms of fleet value, the number of new aircraft or large-capacity aircraft , or as the youngest and most modern fleet of all lessors worldwide. At the end of 2010, a total of 934 passenger and cargo aircraft belonged to the ILFC fleet, 493 of which were from Airbus and 441 from Boeing.

Due to the international financial crisis from 2007 onwards , the American International Group got into considerable problems and planned to sell its subsidiary ILFC. In 2011 the ailing AIG group had to write off an additional 95 jets worth 1.5 billion US dollars at the ILFC because the demand for more modern machines had shifted.

In 2014, ILFC was finally sold to the Dutch AerCap for USD 7.6 billion and was absorbed by the latter, the old company name will no longer be used.

Individual evidence

  1. ^ Wall Street Journal , May 18, 2008, C1
  2. ↑ US insurer - three interested parties for AIG aircraft leasing division , Handelsblatt dated April 27, 2009
  3. ↑ AIG can cope with storm damage - but not write-offs , Reuters , November 4, 2011
  4. ↑ Julie Johnsson, Zachary Tracer: AerCap Finishes $ 7.6 Billion ILFC Deal as AIG Narrows Aim - Bloomberg. In: bloomberg.com. May 15, 2014, accessed September 4, 2014 .
  5. ↑ AerCap Completes Acquisition of ILFC from AIG and Closes Private Offering of $ 2.6 Billion Aggregate Principal Amount of Senior Notes. In: aercap.com. May 14, 2014, accessed September 4, 2014 .

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