International Lease Finance Corporation
The International Lease Finance Corporation, better known under the symbol ILFC, is one of the largest companies in the area of aircraft leasing. For this option ILFC often occurs also in sale-and -lease- back transactions as purchaser and subsequent lessor.
The US-based company was founded in 1973 by Steven F. Udvar- Hazy and Leslie and Lou Gonda as Interlease Group Inc, it now operates under ILFC. In 1983 the company went public and was then completely taken over in 1990 by the American International Group. Since this acquisition, ILFC has generated about 3 billion U.S. dollars in profit by its own account.
In 2007, ILFC had a turnover of 4.73 billion U.S. dollars and a profit of 603 million U.S. dollars with only 170 employees.
Among the customers of ILFC, almost without exception are all big and small airlines. There are the two largest manufacturers, Boeing and Airbus, offered at the drive manufacturers such as Pratt & Whitney, IAE.
In the headlines ILFC always comes back through the sometimes enormous quantities which are ordered from the manufacturers. Thus ILFC advertises itself with attributes such as:
- Largest lessor measured by fleet value
- Largest lessor of new aircraft
- Largest lessor of wide-body aircraft
- Youngest and most modern fleet of any lessor in the world
Due to the significant financial problems starting in autumn 2008, the American International Group wants her daughter ILFC verkaufen.2011 had given depreciation amounting to 1.5 billion U.S. dollars to 95 jets of the ailing AIG Group at ILFC, as demand shifted to more modern machines. Belonged to the end of 2010 a total of 934 passenger and cargo aircraft to the fleet of ILFC, of which 493 of the manufacturer Airbus and 441 from Boeing.
Main competitor is the U.S. GECAS (GE Capital Aviation Services).