In addition, the book also covers important factors, such as maintenance reserve development, modeling financial returns for leased aircraft, and appraising aircraft values. International lease finance corporation ilfc stock. International lease finance corporation the company, ilfc, management, we, our, us primarily acquires new commercial jet aircraft from the boeing company, or boeing, and airbus s. Gecas ilfc rbs aercap boc fly acg awas aircastle source. Founded in 1973, ilfc was one of the worlds largest aircraft lessors by value. Overview of the aircraft leasing industry laurence vigeantlanglois, phd. International lease finance corporation ilfc is a global market leader in the. Aercap chief executive aengus kelly said the dutchbased companys priority would be to digest ilfc and manage its large portfolio, which includes an order book for nextgeneration aircraft. The company leased aircraft to major airlines worldwide, including aeromexico, air canada, korean air, air franceklm and emirates. International lease finance corporation ilfc stock analysis. Ascend online as of 121410 and cit forecasted ni as of. Hazy and international lease finance corporation ilfc, which were both established in the 1970s, formed the bedrock of the industry.
With nearly 1,000 owned and managed aircraft and commitments to purchase. Mar 31, 2020 the company was founded in 2010 in the wake of credit crisis by steven udvarhazy, the founder of international lease finance corporation and the visionary father of the modern commercial airplane. Appetite to finance aircraft remains, but the amount of. In december 20, aig announced its intention to enter into an agreement under which it would sell its 100 percent interest in international lease finance corporation ilfc, a noncore asset, to aercap holdings n. Dec 16, 20 aercap will acquire all of international lease finance corp. Aercap to acquire international lease finance corporation. Ilfc signals aircraft charges under stress tests marketwatch. The american international group has agreed to sell its big aircraft leasing unit, the international lease finance corporation, to a competing business, aercap holdings of. Several interested parties are lining up to purchase a portfolio of usd3. Get breaking news and analysis on international lease finance corporation ilfc stock, price quote and chart, trading and investing tools. Dec 17, 20 ilfc is a valuable business, and aig has always taken great pride in ilfcs reputation for innovation, its pioneering role in aircraft leasing, its industryleading team of employees, and its. Strategies for managing capital costs in a turbulent industry vasigh, bijan, taleghani, reza, jenkins, darryl on.
The aviation industry is facing the toughest downturn in its history. Textfitch affirms international lease finance corps ratings 5 min read dec 10 fitch ratings has affirmed international lease finance corporations ilfc issuer default rating idr at bb. Business acquisition aercap case study mccann fitzgerald. The book offers a comprehensive overview of the multifaceted matters that arise in the process of financing commercial aircraft. Iafc has been a pioneer in introducing innovative islamic financing solutions to the aviation industry, strategically positioning itself to provide unique products and services in. Aercap in no rush to order new jets after buying ilfc. On the other, there are a number of headwinds in the aircraft finance. He joined freshfields in 1983, and has specialised since then in aircraft finance. Waha capital trades 40% of its aircraft portfolio, 50% of aerventure and cash in exchange for 29.
It leased boeing and airbus aircraft to major airlines worldwide. Near the top of the list of noncore assets to divest was aigs aircraftleasing subsidiary international lease finance corp ilfc. Ilfc is a valuable business, and aig has always taken great pride in ilfcs reputation for innovation, its pioneering role in aircraft leasing, its industryleading team of employees, and its. Credit facility in favor of an aircraft purchaser to finance a portion of the significant progress payments e. Different types of aircraft are explored, highlighting their purposes, as well as when and why airline operators choose specific models over others. Ilfc international lease finance corporation home facebook.
A look at the public aircraft lessors index performance against benchmarks. It was the worlds largest aircraft lessor by value, though ilfc s rival, general electrics gecas unit, had more aircraft. Andrew littlejohns is a partner in freshfields asset finance group in london. It was the worlds largest aircraft lessor by value, though ilfcs rival, general electrics gecas unit, had more aircraft. A significant number of companies involved in aircraft leasing are. Aercap provides aircraft to a global network of 200 airline customers in 80 countries. On 14 may 2014, aercap announced that it completed the acquisition of international lease finance corporation ilfc, previously a wholly owned. In december 20, aig announced its intention to enter into an agreement under which it would sell its 100 percent interest in international lease. On the other, there are a number of headwinds in the aircraft finance market which may make these orders more difficult to finance, and potentially, more expensive.
We also provide aircraft owners, financiers and investors with all asset services necessary to manage an. Aircraft finance refers to financing for the purchase and operation of aircraft. Lease finance corporation ilfc and ge commercial aviation services gecas. International lease finance corporation ilfc lessor profile. The book details the industrys foundational concepts, including aviation law and regulation, airline credit analysis, maintenance reserves, insurance, transaction.
Aercap will acquire all of international lease finance corp. International lease finance corporation ilfc is a global market leader in the leasing and remarketing of. Sifting through beaten down travel stocks with air lease. Aercap is the global leader in aircraft leasing, providing a global network of airline customers with comprehensive fleet solutions and access to the most modern, fuelefficient aircraft. International airfinance corporation iafc is a leading global aircraft leasing company with a client base of major international airlines and institutional investors. International lease finance corporation ilfc lessor. A significant number of companies involved in aircraft leasing are privately funded and consequently public financial information is limited, this article focused on the results of. Stephen mcgairl is a partner of freshfields with over 20 years experience of international aircraft transactions. We offer new and used commercial aircraft on operating lease from our existing fleet and our order book of boeing, airbus, and embraer aircraft. International lease finance corporation ilfc is a global market leader in the leasing and remarketing of advanced technology commercial jet aircraft to commercial airlines. May 14, 2014 ilfc, which pioneered the aircraft leasing business under founder steven udvarhazy, is the last major unit to be sold by aig following the u. With nearly 1,000 owned and managed aircraft and commitments to purchase approximately 330 new highdemand, fuelefficient aircraft, ilfc is the worlds largest independent aircraft lessor. International lease finance corporation ilfc is a global market leader in the leasing and remarketing of commercial aircraft. Ilfc, which pioneered the aircraftleasing business under founder steven udvarhazy, is the last major unit to be sold by aig following the u.
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