AIG's aircraft leasing unit, International Lease Finance Corp., announced Wednesday that Australian financial services conglomerate Macquarie Group had bought 53 of its aircraft for $1.99 billion. ILFR is one of the two largest aircraft leasing companies in the world. The planes are leased to 35 airlines in 27 countries, according to Macquarie AirFinance, the planes' new owner. The deal roped in two of the largest aircraft-finance powerhouses in the law firm landscape.
April 16, 2010 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
American International Group’s aircraft leasing unit, International Lease Finance Corp., announced Wednesday that Australian financial services conglomerate Macquarie Group Ltd. had bought 53 of its aircraft for $1.99 billion.
ILFR is one of the two largest aircraft leasing companies in the world; the current sale represents roughly five percent of its entire fleet. The planes are leased to 35 airlines in 27 countries, according to Macquarie AirFinance, the planes’ new owner.
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