Press release from Business Wire
ILFC and SriLankan Airlines Sign 12-Year Lease Agreement for Three A350-900s
Monday, October 07, 2013
ILFC and SriLankan Airlines Sign 12-Year Lease Agreement for Three A350-900s03:00 EDT Monday, October 07, 2013
LOS ANGELES (Business Wire) -- International Lease Finance Corporation (ILFC), a wholly owned subsidiary of American International Group, Inc. (NYSE:AIG), announced today it has signed a 12-year lease agreement with SriLankan Airlines (SriLankan), the national carrier of Sri Lanka, for three A350-900 aircraft. The aircraft will support the airline's long-haul fleet renewal.
“ILFC values our strong and important relationship with SriLankan,” said ILFC Chief Executive Officer Henri Courpron. “We look forward to contributing to SriLankan's fleet renewal and its continued success. We believe these aircraft will provide valuable flexibility and efficient performance for the airline's long-haul operations.”
“This would be the first time the A350 family aircraft will enter our fleet, and it marks a significant step towards the growth of the airline,” said SriLankan Chief Executive Officer Kapila Chandrasena. “SriLankan has placed direct orders for four additional A350-900 aircraft with Airbus, and we believe that this new generation, fuel-efficient aircraft will play a leading role in the airline's long-haul operations in time to come. We are indeed pleased that ILFC will be providing us with the first three aircraft, and look forward to building on the strong ties we have established with ILFC.”
The A350-900s are powered by Rolls-Royce Trent XWB-84 and are part of an operating lease agreement, which has an anticipated delivery timeline between July and September 2016. ILFC currently has two A330-200s and one A340-300 on lease with SriLankan.
About SriLankan Airlines
SriLankan Airlines, the national carrier for Sri Lanka, is an award-winning airline with a firm reputation as a global leader in service, comfort, safety, reliability, and punctuality. Awards include World's Friendliest Cabin Staff by Skytrax, Best Airline in South Asia from Travel Trade Gazette, World's Most Reliable Operator of Airbus A330s and A340s by Airbus Industrie, and the Etihad Global Excellence Award for Best Regional Caterer. Launched in 1979, the airline's hubs are located at Bandaranaike International Airport in Colombo and Mattala Rajapaksa International Airport, Hambantota providing convenient connections to its global network (including codeshare partners) of 64 destinations in 34 countries around the world. SriLankan Airlines has been invited to join oneworld and is on track to join the world's leading airline alliance in early 2014. SriLankan will then be flying alongside some of the biggest and premier brands in the airline business. www.srilankan.com
International Lease Finance Corporation (ILFC) is a global market leader in the leasing and remarketing of commercial aircraft. With nearly 1,000 owned and managed aircraft and commitments to purchase approximately 330 new high-demand, fuel-efficient aircraft, ILFC is the world's largest independent aircraft lessor. ILFC has approximately 200 customers in more than 80 countries and provides part-out and engine leasing services through its subsidiary, AeroTurbine. ILFC operates from offices in Los Angeles, Amsterdam, Beijing, Dublin, Miami, Seattle, and Singapore. ILFC is a wholly owned subsidiary of American International Group, Inc. (AIG). www.ilfc.com | Twitter: @ILFCGlobal
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. www.aig.com
International Lease Finance Corporation
Paul Thibeau, +1-310-788-1999