PARIS--(BUSINESS WIRE)--International Lease Finance Corporation (ILFC), a wholly owned subsidiary of American International Group, Inc. (NYSE:AIG), announced today that it has exercised options to purchase 50 incremental A320neo Family aircraft from Airbus that were part of the agreement signed in April 2011 for 100 firm A320neo Family aircraft.
“The A320neo Family has proven to be very successful in the marketplace, and the exercise of these options is a logical extension of our current fleet strategy,” said ILFC Chief Executive Officer Henri Courpron. “This order further reinforces our belief in the value and operational efficiencies these neos will provide to our global customers.”
ILFC was the first leasing company to order the Airbus A320neo Family aircraft and has the largest order position among aircraft leasing companies. Deliveries of ILFC’s NEO aircraft are expected to commence in 2015. Officially launched in December 2010, the A320neo Family aircraft incorporate greater fuel-efficiency and eco-friendly technology, providing reductions in engine noise and emissions.
“We are delighted to see our valued and long-standing customer ILFC coming back for more A320neo aircraft. This is clear signal of the continuing strong demand for Airbus’ most modern, fuel efficient aircraft which day in, day out, deliver profitability to their owners and a great travel experience to the passengers,” said John Leahy, Airbus Chief Operating Officer, Customers. “With a portfolio of 150 A320neos at ILFC, we can take that as a strong confirmation of the NEO’s market leading position.”
International Lease Finance Corporation (ILFC) is a global market leader in the leasing and remarketing of commercial aircraft. With approximately 1,000 owned and managed aircraft and commitments to purchase 293 new high-demand, fuel-efficient aircraft, ILFC is the world's largest independent aircraft lessor. ILFC has approximately 200 customers in more than 80 countries and provides part-out and engine leasing services through its subsidiary, AeroTurbine. ILFC operates from offices in Los Angeles, Amsterdam, Beijing, Dublin, Miami, Seattle, and Singapore. ILFC is a wholly owned subsidiary of American International Group, Inc. (AIG). www.ilfc.com | Twitter: @ILFCGlobal
American International Group, Inc. (AIG) is a leading international insurance organization serving customers in more than 130 countries. AIG companies serve commercial, institutional, and individual customers through one of the most extensive worldwide property-casualty networks of any insurer. In addition, AIG companies are leading providers of life insurance and retirement services in the United States. AIG common stock is listed on the New York Stock Exchange and the Tokyo Stock Exchange. Additional information about AIG can be found at www.aig.com.