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ILFC Secures Sale-Leaseback Deal with American Airlines

^{Published on 2011-11-09 21:41:13 - Market Wire}
 

LOS ANGELES--([ BUSINESS WIRE ])--International Lease Finance Corporation (ILFC), a wholly owned subsidiary of American International Group, Inc. (NYSE: AIG), announced today that it has completed an agreement with American Airlines to purchase and leaseback 15 Boeing 737-800 Next Generation aircraft. The agreement covers certain aircraft that American had previously ordered andthat have beendelivered or are scheduled for deliveryduring 2012.

"Our ability to work with one of the largest airlines in the world to execute fleet management decisions is core to our business initiatives."

aILFC is pleased to be able to support American Airlines in this strategic manner,a ILFC Chief Executive Officer Henri Courpron commented. aOur ability to work with one of the largest airlines in the world to executefleet management decisions is core to our business initiatives.a

aWe are pleased to establish a strategic relationship with ILFC,a said AMR Chief Financial Officer Bella Goren. aThis transaction, which will provide financing for 15 of our new 737-800 aircraft, is an effective means for diversifying our funding sources and we look forward to a long-term partnership with ILFC.a

The Boeing 737 aircraft family has been widely received in the market. Earlier this week, ILFC took delivery of its 425^th 737 aircraft, which was delivered to Korean Air and represented the 690^th Boeing aircraft to be delivered to ILFC in its nearly 40-year relationship with the manufacturer. ILFC is Boeingas largest lessor customer and Boeingas fourth largest customer overall including airlines.

About ILFC

ILFC is the worldas largest independent aircraft lessor measured by number of owned aircraft. ILFCas portfolio consists of over 1,000 owned or managed aircraft, as well as commitments to purchase 236 new high-demand, fuel-efficient aircraft and rights to purchase an additional 50 such aircraft. [ www.ilfc.com ]

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. [ www.aig.com ]

About American Airlines

American Airlines, American Eagle and the AmericanConnection carrier serve 260 airports in more than 50 countries and territories with, on average, more than 3,400 daily flights. The combined network fleet numbers more than 900 aircraft. Americanas award-winning website, AA.com, provides users with easy access to check and book fares, plus personalized news, information and travel offers. American Airlines is a founding member of the oneworld alliance, which brings together some of the best and biggest names in the airline business, enabling them to offer their customers more services and benefits than any airline can provide on its own. Together, its members and members-elect serve more than 900 destinations with more than 10,000 daily flights to 149 countries and territories. American Airlines, Inc. and American Eagle Airlines, Inc. are subsidiaries of AMR Corporation. AmericanAirlines, American Eagle, AmericanConnection, AA.com, and AAdvantage are trademarks of American Airlines, Inc. (NYSE: AMR).