The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Globe Investor

News Sources

Take control of your investments with the latest investing news and analysis

Press release from Business Wire

ILFC Leases Four New Boeing 777-300ER to Emirates

Friday, July 06, 2012

ILFC Leases Four New Boeing 777-300ER to Emirates11:47 EDT Friday, July 06, 2012 LOS ANGELES (Business Wire) -- International Lease Finance Corporation (ILFC), a wholly owned subsidiary of American International Group, Inc. (NYSE: AIG), announced today the purchase and leaseback transaction with Emirates airline for four new Boeing 777-300ER aircraft. Deliveries are scheduled to begin this month and will be completed by January 2013. “ILFC is proud to expand its existing strong commercial cooperation with Emirates. ILFC already leases to Emirates a significant number of 777 aircraft, a proven and valuable aircraft in its fleet. It is important for us to build on our relationship with Emirates - one of ILFC's largest customers and certainly one of the world's leading airlines,” said Colin Bole, ILFC Head of Europe, Middle East and Africa. About Emirates Emirates airline ( is one of the world's most successful and fastest growing airlines. With a focus on high quality service and industry-leading products, Emirates has received more than 500 international awards and accolades for excellence since its inception in 1985. Emirates operates the world's largest fleet of Boeing 777 aircraft and now flies to 124 destinations in 73 countries. About ILFC ILFC is the world's largest independent aircraft lessor measured by number of owned aircraft. ILFC's portfolio consists of over 1,000 owned or managed aircraft, as well as commitments to purchase 245 new high- demand, fuel-efficient aircraft and rights to purchase an additional 50 such 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 and the Tokyo Stock Exchange. ILFCPaul Thibeau,