ILFC International Lease Finance Corporation

Courpron states ILFC's customers that already operate the A380 - Air France, Lufthansa and Emirates-- are "quite happy" with the aircraft. ILFC's decision to cancel the A380 was less about the aircraft's performance and more about "where we spend our aircraft dollars", says Courpron. While the A380 has had good success commercially, it has a limited customer base, he explains, and narrowbodies are more liquid and easier to move around

ILFC is also the first A320neo customer to commit to the A321neo. The lessor's chief says he's convinced the A321neo will become a successful 757 replacement.

Boeing needs to “get on with it,” if it is to compete with the Airbus A320neo, according to International Lease Finance Corporation CEO Henri Courpron. The leasing group argued yesterday that the answer may lie in an early Boeing 737-800 upgrade.
The 737-800 is a formidable aircraft,” he told AIN. “We get excellent feedback from our customer airlines all over the world on it. We’ll see what happens this week but if the A320neo gets a strong endorsement Boeing will have to get on with it.” Airbus has been busily collecting further orders for the Neo since the Paris show started yesterday.
Courpron suggested that Boeing would need to find only a 5- or 6-percent improvement in economics for the -800 for it to be attractive to airlines and keep Boeing in the picture while it considers an all-new aircraft. “They don’t have to get the 15 percent that the A320neo gives us. It just has to be close enough to be good enough. The 737-800 is very competitive in the workplace,” Courpron said.
Some of the upgrade could come from the CFM56-5BE engine, which brings a 2-percent improvement in fuel burn, while the remainder could come from cost of ownership and maintenance gains. “You have to remember that fuel is only 30 percent of the total operating cost,” he said.
While Boeing might win breathing space with a 737-800 upgrade, Courpron is in no doubt that both Boeing and Airbus will have to come out with an all-new offering later this decade or early next. “They owe it to themselves to come out with new aircraft,” he added.
On Monday, Courpron signed the definitive agreement with Pratt & Whitney president Dave Hess for PW1100Gs to power the 60 firm and 40 optioned A320neos ordered by ILFC, the first customer for the geared turbofan. The companies had announced the agreement in March.
“We were behind the P&W engine from the start,” Courpron told AIN. “We were never worried about the gearbox. Sometimes you need a leap of faith, and we believe this will be a great engine.”
Courpon added that both P&W and CFM had been encouraged to improve their respective offerings for the A320neo. “We encouraged them to take this aircraft seriously and they finally reached the same conclusion

International Lease Finance Corp. (ILFC) CEO Henri Courpron is keeping his title, but he has been demoted to second in command and is losing $1 million in annual salary because of a “personal relationship” with an employee under his supervision, says ILFC parent company American International Group (AIG).

AIG says allegations that the relationship resulted in improper use of company assets and inappropriate personnel decisions were “unsubstantiated,” but added that Coupron’s conduct was “contrary to AIG’s expectations of its officers.” An anonymous complaint led to the investigation.

Although Courpron remains CEO, AIG created a new position at ILFC that ranks higher: executive chairman. That role will be filled by Laurette Koellner, an independent director of AIG since June 2009, former president of Boeing International and 19-year employee at McDonnell Douglas. Courpron will report to Koellner, who will report to AIG President and CEO Robert Benmosche.

A source with knowledge of the situation says the company retained Courpron because of the value he provides to the company and the progress it has made under his watch, including a recent Moody’s credit upgrade and $3.3 billion in refinancing this year, and is hoping that the new corporate structure and experience that Koellner brings will help retain that momentum.

In a June 21 letter to employees, Benmosche told them, “I strongly believe that we have taken the right steps to affirm AIG’s and ILFC’s commitment to sound conduct in the workplace.”

“Laurette and I are confident in Henri’s leadership at ILFC, and I know they will work well together to assure that ILFC continues to build on its momentum as the largest independent aircraft lessor in the industry,” he added.

He also reiterated the company’s polices, as stated in the AIG Employee Handbook.

“While voluntary intimate relationships between employees are not prohibited, colleagues who hold positions in the same department or zone of influence (for example, where one employee supervises the other or is otherwise in a position to affect the terms and conditions of the other’s employment), must disclose the existence of the relationship to their managers or Human Resources,” Benmosche said.

(By Balachander) American International Group Inc. (NYSE: AIG : 33.42, 0.16)
agreed to sell a 90 percent interest in aircraft lessor International
Lease Finance Corp. (ILFC) for roughly US$5.28 billion to a group of
Chinese investors.
The New York-based insurer has stated that its ILFC subsidiary a non-core asset.
"While ILFC is an extremely strong business platform and AIG
will retain a minority stake as a passive investor, the aircraft
leasing business is not core to our insurance operations," AIG CEO
Robert Benmosche said on Sunday.
ILFC is the world's largest
independent aircraft lessor, as measured by number of aircraft owned,
claims AIG on its website, with portfolio consisting of more than 1,000
owned and managed aircraft. ILFC's technologically advanced and
environmentally efficient aircraft portfolio includes 787s and A350s.
AIG
expects the deal to have a positive impact on its liquidity and credit
profile and will enable the company to continue to focus on its core
insurance businesses.
The expects to record a non-operating loss of roughly US$4.4 billion related to the sale.
The
investor group is led by New China Trust Co. Ltd., China Aviation
Industrial Fund and P3 Investments Ltd. has agreed to acquire 80.1
percent of ILFC for about US$4.23 billion, with an option to acquire an
additional stake of 9.9 percent. ILFC employs around 560 people.
The deal is expected to be completed in the second quarter of 2013.
Credit Suisse is acting as financial advisor to the investor group related to the transaction.

pascal83 a écrit:Dit Béo le gagnant dans se rachat est Airbus avec aercap qu'il soutient depuis longtemps peu être des opération comme B avec rachat d'avion.


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Ben, ça fera une flotte à majorité Airbus !
Vs Gecas qui est à majorité Boeing !

AerCap n'a pas (Encore) de motoristes au capital, pour équilibrer les prestations !
Mais, sur le fond, il vaut mieux être indépendant dans ce métier !
(Pas obligé d'acheter des séries loupées, ou mal en point par compromis!)

http://english.comac.cc/news/latest/201211/21/t20121121_597420.shtml

Paul a écrit:ILFC officiellement vendu à Aer Cap pour 5,4 B$

http://www.businesswire.com/news/home/20131216005583/en/AIG-Announces-Agreement-Sell-International-Lease-Finance

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C'est vu depuis ce midi Patrick, par Paul  !

Et tu as même commenté !

Pas la peine d'en rajouter 2 de plus   !

Bon, le commentaire des Echos est en Fr et intéressant !

Beochien a écrit:Ben, au nouveau propriétaire, bien sûr !
C'est encore un protocole de plusieurs mois !
ILFC-Aercap US va sûrement voir le jour, c'est plus facile que de changer des immatriculations, et refaire les contrats, c'est un risque de ne pas les voire renouvelés, au moindre défaut trouvé, ou simplement si le changement de loueur ne plaît pas au client et qu'il renvoie les avions !
Ça dépend bien sûr des contrats mais chez ILFC, c'est plus que du leasing "Bancaire"

Juste mon idée

Beochien a écrit:C'est certainement le plus simple pour commencer, et sans risque du côté d'une clientèle qu'ils ne  peuvent se permettre de bousculer ... bien qu'ils doivent certainement un jour regarder comment fédérer leurs divers bureaux WWide, et intégrer un peu tout ça ... mais dans le temps !