Who will get ILFC’s aircraft?
Several interested parties are lining up to purchase a portfolio of USD3.5 billion in aircraft from ILFC, as parent company, American Insurance Group (AIC), sells off part of the leasing unit’s USD44 billion, 1,080 aircraft fleet. The sale is another indication of the shakeout going on in the aviation leasing business in the wake of the GFC, with several major players and aircraft portfolios still on the block.
