Business & Finance
Business and Finance
Business and Finance
Wed, April 27, 2011
Tue, April 26, 2011 
LOS ANGELES--([ BUSINESS WIRE ])--International Lease Finance Corporation (ILFC), a wholly owned subsidiary of American International Group, Inc. (NYSE: AIG), today announced that it has finalized an order for the purchase of 100 A320neo family aircraft from Airbus.
"Importantly, I would like to recognize all the employees of ILFC for the extraordinary work they have contributed over the past year which allows us to be in the positive position we are in today."
aOur work is ongoing as we continue on the path of providing the industrya™s most technologically advanced aircraft to our customers. This order builds onto our fleet portfolio which already represents a significant widebody aircraft inventory and further positions ILFC as the most responsive and resourceful aircraft lessor today,a ILFC Chief Executive Henri Courpron commented. aImportantly, I would like to recognize all the employees of ILFC for the extraordinary work they have contributed over the past year which allows us to be in the positive position we are in today.a
The final agreement with Airbus provides for model flexibility but initially includes both A320neo and A321neo for a total of 100 aircraft. Deliveries will start in 2015. As noted previously, Pratt & Whitney has been selected to power a minimum of 60 units with their PurePower PW1100G offering.
About ILFC
ILFC is the international market leader in the leasing and remarketing of commercial jet aircraft to airlines around the world. The people of ILFC have a strong commitment to aviation and its role in building relationships across the globe that drive innovation, prosperity, and understanding. ILFC currently owns a portfolio consisting of approximately 930 jet aircraft.
About AIG
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, as well as the stock exchanges in Ireland and Tokyo.
