LEASINGS

Est-ce que le ciel s'améliore pour ILFC ?

Source : AIA dailyLead & ATW

Aircraft lessor may get $5B bailout from N.Y. Fed

The New York Federal Reserve may issue a $5 billion line of credit to ILFC in an effort to facilitate the sale of the aircraft leasing giant, which warned last month its future was in doubt due to credit downgrades at its corporate parent, AIG. Backing from the New York Fed could help alleviate potential buyers' fears over the company's near-term financing. ILFC currently has 168 aircraft on order with Boeing Co. and Airbus.

Lien : Air Transport World (4/9)

Affaire à suivre !

Aercap n'a pas repris d'avions au T1 pour défaut de paiement.

L'article sur Aviation Week par Elyse Moody, bon distinguo entre "Aircraft" et "Engines" deliveries

AerCap Holdings N.V. maintained deliveries as scheduled and did not repossess any aircraft during the first quarter of 2009, and says that all but one of the nine aircraft it
repossessed in 2008 are generating revenue again.
The last aircraft, repossessed in the fourth quarter of last year, is expected to begin generating revenues in June, CEO Klaus Heinemann said.

"Though the first quarter of 2009 has seen one of worst economic environments for the aviation industry, most airlines have shown a remarkable resilience to these conditions," Heinemann said. He added that AerCap has taken note of airline interest in contracting new capacity for 2010 and beyond, a trend that "has continued to date."

However, the Q1 2009 figures show a decline from the same period in 2008, for which AerCap reported 23 new lease agreements for aircraft, delivery of seven aircraft and 10 engines
under lease agreements, 19 aircraft purchases, eight sold aircraft, and three disassemblies of older aircraft.

In addition to the 13 aircraft and eight engines delivered under lease agreements in the first
quarter of this year, AerCap signed new lease agreements for two aircraft; purchased 10 aircraft and four engines; sold one aircraft and four engines; and disassembled four aircraft and five engines.

http://www.aviationweek.com/aw/generic/story.jsp?id=news/aerc04139.xml&headline=AerCap%20Cites%20Resilience%20in%20First%20Quarter%202009&channel=mro

Les dernières transactions récentes chez les loueurs :

ILFC :
1 B737-800 neuf à la cie japonaise Skymark
1 B737-800 neuf à la cie canadienne Westjet

Aviation Capital Group :

1 A320 V2500 auparavent Air India à la cie indonésienne Air Batavia

Extension des contrats de leasing en cours sur les B 737-700 d'ACG avec Norwegian Air Shuttle

1 B737-400 occasion à Aegean
1 MD83 à Austral
1 B767-300ER à Transaero
1 B757-200 à Omni Air Itl
1 B737-400 à Olympic

GECAS :

1 B777-300ER neuf à Emirates
3 B737-800 neufs à Hainan
1 B737-800 neuf à Xiamen

Macquarie AirFinance a racheté deux A321 ( 1932; 1960 ) loué à Thomas Cook Scandinavia et les CFM56 correspondants à Aercap

Source : SpeedNews

Le dernier article d'ATI ( Flight ) au sujet d'Air China.

Les avions loués ( Boeing 737 et 767 ) dont les contrats arrivent à expiration seront retournés. Pas de plan, pour le moment, de report ou d'annulation.

DATE:22/04/09

SOURCE:Air Transport Intelligence news

Air China is returning leased aircraft this year but it has stated publicly it has so far refrained from delayingaircraft on order.

The airline's chairman, Kong Dong, told reporters in Hong Kong Air China will be receiving 27 aircraft this year but will be returning eight to ten aircraft that have leases expiring.

An Air China spokeswoman in Beijing tells ATI that "at this time there is no sign" Air China
will delay delivery of aircraft on order.

She says the aircraft coming this year are all new, mostly Airbus A320s and Boeing 737-800s on order.

The ones it is returning to leasing firms are 737s and Boeing 767s, she adds.

Kong also told the reporters that Air China had put in a request to the Chinese Government for a cash injection but so far the government has declined it. This is despite the fact the government has given financial aid to China Southern Airlines and
China Eastern Airlines to help cope with the sharp decline in passenger traffic.

"We made the request together" with China Eastern and China Southern, says Kong.

"The government should consider" Air China's request, he adds.

Air China earlier this month reported a net loss of 9.25 billion yuan ($1.4 billion) for the 2008
calendar year, compared to a 4.04 billion yuan profit for 2007.

China Southern Airlines and China Eastern Airlines have also reported losses and disclosed publicly plans to delay delivery of aircraft on order.

http://www.flightglobal.com/articles/2009/04/22/325467/air-china-returning-leased-aircraft.html

D'autre part sur Payload : Gecas a livré en février à cette compagnie un 737-800 neuf.
Les B 767-300 devraient être remplacés par des A 330-300

Air China a également en flotte des A 319; 320; 321
Des B 737 classics et NG

Des A340-300 et A330-200
Des B757; 767; 777-200 ( devraient être remplacés par des A 330 ); 777-300ER; 747-400
Elle est enfin toujours cliente du 787-8 !

Dans des derniers posts concernant Gulf Air on parlait de Dry lease et de Wet lease. Qui peut nous expliquer (brièvement ) la différence entre les deux.

Bonsoir,

Dry Lease : Location d’un avion seul, son exploitation étant à la charge du preneur de l’avion


Wet lease : C’est l’inverse. Dans l’absolu, le loueur ( lessor ) prend à sa charge, et facture, la mise à disposition de l’aéronef, de l’équipage, l’entretien nécessaire de l’avion conformément à son calendrier d’entretien, etc.

Bien sur, toute une palette de variantes est possible.


Le preneur ( Lessee ) peut avoir à sa charge le carburant, les primes d’assurances passagers, les services au sol ( ground handling, fret, courrier ) le catering, les taxes d’atterrissage et de parking, le logement des équipages…

Les contrats ACMI : Avion, équipage, entretien, assurances sont assez similaires au Wet Lease

Il existe pas mal de société mais aussi de compagnies pratiquant l’ACMI.

Bonsoir, CarrK, et merci pour ces rappels utiles !

Bonjour

Rapide tour speednews... section "à louer"

20 A340 (dont les A340-500 de Thaï)
3 A330 seulement (des -200)
80 767 dont plusde 50 ER...
4 777 (des 200 essentiellement ER)

Cela cadre bien avec l'impression laissée par les chiffres de Nils sur les avions parkés.

Cela suscite t'il des réactions ?

Poncho

Bonsoir,

Merci Poncho, sur les 3 A 330, celui d'Air Comet ( MSN 205, année 1998 ) est dispo en long term ACMI/Dry lease depuis le 31 octobre 2008.

Moteurs : CF 6 80E1

Les deux autres ( 1999 et 2009 ) sont équipés de Trent772

Celui de Monarch (1999) avait disparu pendant un mois. Cette compagnie propose d'ailleurs pas mal d'avions pax en permanence.

Australia's Strategic Airlines signs lease deals for Airbus aircraf.

Australian start-up Strategic Airlines has signed a lease with AerCap for two Airbus A320s and signed a lease with Swiss International Air Lines for an Airbus A330-300.The Brisbane-based start-up is applying for an Australian air operator's certificate (AOC) so it can operate the A330 which will be on lease from Swiss, Strategic says in a statement."We expect to take delivery of the A330-300 in late June and will commence" A330 commercial operations from October, it says.The
aircraft will replace the A330 it currently has on wet-lease and will
also be used for additional charter and wet-lease operations in the
region, it adds.Strategic currently charters an A330, from
Portuguese carrier Hi Fly, and uses it for charter services
transporting Australian troops to the Middle East on behalf of the
Australian Defence Force.In a separate statement Strategic says
it has signed a lease with AerCap for two A320s and the first will come
in time for Strategic to offer A320 charter services from 1 June.The second aircraft will be delivered in early July, it says.Strategic
plans to have the first A320 stationed in Europe where it is
establishing a charter airline and wet-lease provider, it says, adding
that it is applying for a French AOC.The second A320 will be
based in its Australian headquarters, it says, adding that it plans to
get more A320s and have these based in Europe or other parts of the
world.A Strategic spokeswoman in Australia says the company's
European office is in Paris and in three months time it will be
establishing a UK office.The Australian founders and equity partners in the business include executive directors Michael James and Shaun Aisen. But
the Australian and European companies also have undisclosed European
equity holders, which is why the venture can set up in Europe, explains
the spokeswoman.James formerly worked in operations at Ansett
Australia and Aisen used to be an Australian representative for
overseas freight operators.
http://www.flightglobal.com/articles/2009/04/29/325797/australias-strategic-airlines-signs-lease-deals-for-airbus.html

Accord de couverture entre DAE ( Dubai Aerospace Entreprise ) et l' ExImBank US sur 500 millions d'USD. Bénéficiaire : Boeing

Extrait de la Speed News letter

The financing deal between Ex-Im Bank and DAE Capital supports the delivery of 10 aircraft by guaranteeing commercial loans or providing the loan itself. The aircraft will be allocated for purchase and leaseback agreements
with Emirates Airlines and Garuda Indonesia.

Bob Genise, CEO of DAE Capital, said: “Based on our strategy and on-going business growth, we are able to provide aircraft leasing services to our clients”, he also added “the finance deal supported by Ex-Im Bank
represents our good relationship and continuous support from bankers.”

“Ex-Im Bank is pleased to assist in the financing of 10 Boeing aircraft to DAE...."

Bonjour !

De la même source, C I T a livré 19 avions neufs, dont 3 à de nouveaux clients, et d'occasion en leasing au premier trimestre 2009 ( 11 au Q1 2008 ) et signé pour 10 avions livrables en 2010. Parts A et B non précisées ( dommage ! )

Des solutions de financement avec quelques "institutionnelles" dans la présentation des résultats d' Aercap pour le Q1 2009; toujours cette obligation de transparence pour les sociétés cotées au NYSE.

Le développement, un peu long mais cela vaut peut-être le coup, sur

Air Transport News, in english

AerCap Holdings N.V. (the “Company” or “AerCap”) announced the results of its operations for the first quarter ended March 31, 2009.

First Quarter 2009 Highlights

.. First quarter 2009 net income was $30.0 million, compared with net income of $50.9
million for the same period in 2008. First quarter 2009 net income excluding the impact of the mark-to-market of interest rate caps and share-based compensation was $31.5 million, compared with $59.9 million in first quarter 2008 on the same basis.
The decrease in net income was largely due to lower income from the sale of assets in first quarter 2009 as compared to first quarter 2008.

.. First quarter 2009 basic and diluted earnings per share were $0.35.
First quarter 2009 basic and diluted earnings per share excluding the impact of the mark-to-market of interest rate caps and share-based compensation were $0.37.

..Net spread, the difference between basic lease rents and interest expense excluding
the impact from the mark-to-market of interest rate caps, was $112.5 million in first quarter 2009 compared to $85.6 million in first quarter 2008, an increase of 31%. This measure reflects the increase in leasing income.

..Total revenue for the first quarter 2009 was $208.5 million, compared to $294.5 million for the same period in 2008. The decrease was mainly due to lower aircraft sales revenue.

..Sales revenue for the first quarter 2009 was $41.7 million, compared to $142.5 million for the same period in 2008, and was generated from the sale of four engines and parts inventory.

.. Total assets were $5.8 billion at March 31, 2009, an increase of 26% over total assets of $4.6 billion at March 31, 2008.

..Committed purchases of aviation assets delivered or scheduled for delivery in 2009 are
$1.8 billion, of which $0.3 billion closed in first quarter 2009.

First Quarter 2009 Financing Highlights

..In first quarter 2009, AerCap closed debt facilities for $106 million with two European
financial institutions to finance the pre-delivery payments in connection with the delivery of four A330 aircraft pursuant to a purchase agreement signed with Airbus in December 2006.

..In March 2009, AerVenture signed a $846 million export credit facility with a syndicate
of commercial banks led by Calyon S.A. to finance up to 20 Airbus A320 aircraft. Repayment under the credit facility is guaranteed by the European Export Credit Agencies.

Klaus Heinemann, CEO of AerCap, commented: “The first quarter of 2009 has been the
most challenging environment the Company has encountered since the post 9/11 recession and the impact of the SARS epidemic early this decade. Against this background, we are highly satisfied that we closed the first quarter with a solid profit and a record increase of our leasing net spread, the core measure for our lease portfolio performance. The business activities for both our new leases and our aircraft sales have picked up materially since late March. We are confident that we will be able to show renewed aircraft trading activity
during the remaining quarters of 2009 based on existing contracts and ongoing sales activities.”

Klaus Heinemann added: “Through our own cash reserves we successfully bridged the
inability of our AerVenture joint venture partner to make required equity contributions in March. We are currently in advanced discussions with several parties to find a permanent solution during the second quarter.”

AerCap’s CFO, Keith Helming, said: “We are very pleased with our first quarter results,
notwithstanding lower asset sale income and the charges incurred in the first quarter related to 2008 lease defaults. Our net spread income increased more than the growth in lease assets, which indicates continued improvement in the quality of our reported earnings. Also during the quarter, we secured $952 million of new funding facilities, part of which completed the financing requirement for the AerVenture A320 aircraft order. These successful financings demonstrate our ongoing ability to tap diverse financing sources to meet our capital needs, despite challenging market conditions throughout the world.”
...............
http://www.airtransportnews.aero/article.pl?mcateg=&id=17246

Je regardais le tableau de commande d'ilfc chez airbus, il est vraiment vide.
2 mois de livraison maxi
A319- reste 3
A320- 0
A321- reste 3
A358- à livrer 12
A359- à livrer 8
A380- à livrer 10

Peu etre une commande au salon pour les 40 d'airbus.

Bonjour,

Tant qu'ILFC ne sera pas sorti du giron d'AIG et de ses problèmes, je crois qu'il n'y aura pas de commande significative de la part d'ILFC. C'est tout aussi valable pour Boeing.

Gecas, qui n'est pas vraiment dans la même situation à plus d'un titre, n'a pas fait assaut d'annonces sur ses intentions d'achats de moteurs GE avec l'avion qui va autours ! ............

pascal83 a écrit:Je regardais le tableau de commande d'ilfc chez airbus, il est vraiment vide.
2 mois de livraison maxi
A319- reste 3
A320- 0
A321- reste 3
A358- à livrer 12
A359- à livrer 8
A380- à livrer 10

Peu etre une commande au salon pour les 40 d'airbus.

Salut Pascal,

Le carnet de commandes d'ILFC semble vide, oui, mais...


Depuis deux mois, on voit que le total des commandes d'ILFC augmente au fur et à mesure des livraisons. Ainsi, à fin février, le total des A320 commandés et livrés était de 200, 202 à fin mars, 205 à fin avril.

Dans le même temps, le carnet de commande des clients non-identifiés diminuait d'autant : -2 A320 en mars, -1 A320 et -2 A321 en avril.

Conclusion : un certain nombre des commandes non-identifiées d'Airbus sont pour ILFC.


D'autre part, ILFC a commandé un nouvel A330-200 en avril. Cet avion a été livré le même mois. ILFC a donc racheté un avion construit initialement pour un autre client, probablement suite à un report de livraison.

J'imagine que vu la situation d'AIG, ILFC ne peut se permettre une grosse publicité autour de commandes a plus forte raison s'il s'agit d'Airbus (opinion américaine à mon avis très sensibilisée).
Cependant, l'activité continue....

Je pense aussi qu'ils ont peur des annulations potentielles de leurs clients ou des retours sur les faillites ou réductions de voilure et donc préfère travailler au coup par coup

GECAS, Republic, Midwest, des EMB 190 et les "scope clauses". Tout un art

Sur Flight :

Republic Airways Holdings is set to become the first US regional carrier to operate 100-seat jets once it starts operating Embraer E-190s for partner Midwest Airlines.

The two airlines are expanding their air services agreement to cover two extended range
"AR" Embraer E-190s, with flights starting in August and September.

Each 100-seat aircraft will feature 20 of Midwest's "Signature" class seats. Midwest CEO Tim Hoeksema says the Embraer jets "are part of a comprehensive fleet plan being finalized by Midwest".

Hoeksema also says the new E-190s will give Midwest flexibility in terms of route network and range, "with the potential to once again fly nonstop to the West Coast from our Milwaukee hub".

Midwest plans to announce the new E-190 routes in the near future.

The deal expands a 10-year pact Midwest and Republic reached in late 2008 for the operation of 12 E-170s by Republic for Midwest. Republic at that time agreed to supply $15 million in financing to Midwest, and a further $10 million if Midwest met certain milestones.

Republic sits in a rare position with the opportunity to fly 100-seaters for Midwest.

Scope limits in US mainline carrier pilot contracts generally have no caps on 50-seat operations. But the number of 70-seat-plus aircraft flown by regional carriers is usually tied
to mainline growth, and no contract allows for the operation of 100-seaters. Midwest, however, has none of those constraints.

Republic is sourcing its E-190s through a 60 month lease with GECAS.
http://www.flightglobal.com/articles/2009/05/21/326853/republic-to-fly-100-seat-e-190s-for-midwest.html

PB Air, Thailnde a loué deux ATR 72-500 à Bangkok Airways en remplacement des ERJ 145LR depuis février.

Essai concluant et les ERJ retourneraient chez GECAS. ( en location depuis 7 ans )

Pas l'affaire du siècle, mais un nouveau signe d'une tendance qui confirme le retour des turboprops

http://www.flightglobal.com/articles/2009/05/28/327043/thailands-pb-air-replaces-erj-145s-with-atr-72s.html
http://en.wikipedia.org/wiki/PBair

La Chine adopte le traité du Cap qui définit les standards dans le domaine du Leasing.

The Cape Town Treaty creates international standards for registration of ownership, security interests, leases and conditional sales contracts.

http://www.flightglobal.com/articles/2009/06/01/327160/china-implements-cape-town-treaty.html

Une suite du feuilleton Deccan Aviation, Kinfisher Red, GECAS

Fin de contrat avant terme pour des locations chez GECAS, donc pénalités pour Deccan ( en général ça se passe comme ça )

4,714 millions USD réclamés par GECAS pour un montant de location restant du de 1,643 millions USD pour 4 avions.

Deccan fait valoir son changement de statut après les fusions au sein du groupe

L'article du Business Standard

Deccan Aviation has moved the Supreme Court to resolve the dispute with aircraft lessor GECAS Group of Companies over the terms of lease agreement.

After the merger between Deccan Aviation’s low-cost airline Air Deccan and Kingfisher Airlines, it was decided to terminate the lease agreements prematurely with lessors to eliminate surplus aircraft and avoid duplication of flights.

A bench headed by Justice DK Jain has admitted the plea by Deccan Aviation (whose low-cost carrier Air Deccan has since been renamed Kingfisher Red after its merger with Kingfisher
Airlines) challenging the Karnataka High Court ruling that refused to interfere in the dispute involving commercial activity of Deccan with its aircraft lessors.

Earlier, on Deccan’s plea, the Karnataka high court had given an ex parte order restraining the lessors from repossessing the aircraft.

However, the court vacated its stay order on a plea by GE Commercial Aviation Services, a part GECAS group, and dismissed Deccan’s petition on the ground that though the lessors had given consent to the merger scheme, it would not take away their rights to repossess the aircraft.

GECAS Group of Companies had invoked the cross default clause and had held up around 4.714 million dollars in the form of cash and letters of credit when only rental amount of $1.643 million was due in respect of four aircraft.

According to Deccan senior counsel F Nariman and Pratap Venugopal, the court which had sanctioned the merger scheme under Section 391 of the Companies Act cannot refuse to decide its dispute with its creditors. Resolution of the dispute was a must for proper working of the merger scheme, they added.

After GE Commercial Aviation gave no-objection to the merger plans in April last year, the High
Court had sanctioned the scheme in June with a direction that the arrangement was binding on the creditors of both the airlines, Deccan said.

Opposing the Deccan’s plea, senior counsel Harish Slave, appearing for GE, said the contractual obligations between the airline and the lessors on account of lease agreements had nothing to do with the merger scheme.

http://www.business-standard.com/india/news/deccan-aviation%5Cs-rowaircraft-lessors-reaches-sc/359702/

Des A 320, dans ce groupe, sont loués à Debis et SALE ( BOC ) : ont-ils étés concervés ?
Sinon le problème est-il resolu, de quelle manière ?

DHL cargo louera des B 767 à ABX Air, entremise de ATSG

Les détails sur Air Transport News :

Air Transport Services Group, Inc. said today that its subsidiary ABX Air, Inc. has completed an
agreement with its principal customer, DHL, concerning leases of certain ABX Air aircraft.

The agreement, which is further to a memorandum of understanding that DHL and ABX
Air executed in March 2009, grants DHL options to lease from ABX Air, or an affiliate,
up to four Boeing 767-200SF (freighter configuration) aircraft under favorable rates, and for terms beginning August 15, 2010, and continuing through 2015.

In exchange, DHL has agreed to assume financial responsibility, retroactive to January 31, 2009, for ABX Air’s obligations under capital leases on five Boeing 767-200PC (non-standard cargo door configuration) aircraft currently dedicated to DHL’s U.S. network.
As of March 31, 2009, ATSG’s balance sheet reflected $50.2 million of debt and $21.5 million of net book value related to those aircraft capital leases.

The agreement calls for ABX Air to grant to DHL up to $10 million of credit against future rent obligations for the four 767-200SFs. If DHL elects not to exercise its options for any of the four 767-200SFs, ABX Air would pay DHL $2.5 million for each such option that DHL elects to forego.

ABX Air is expected to continue to operate some or all of the five leased 767-200PCs as
required under the current ACMI Agreement between the companies. The agreement does not stipulate whether ABX Air would continue to operate any of the four 767-200SF aircraft that DHL may opt to lease.

ATSG CEO and President Joe Hete said, "The completion of this agreement with DHL formalizes the deleveraging process that we announced earlier this year, including the restructuring of our promissory note to DHL. The combined effect of the capital lease transaction and note restructuring, including our commitment to pay DHL $15 million to further reduce the principal balance of the note, would be to reduce our outstanding debt principal by approximately
$113 million. The note restructuring also removes some of the limitations on our Board’s ability to consider dividend payments or buybacks for our shareholders. DHL has worked closely with us in finalizing these agreements, and we continue to jointly explore opportunities to provide DHL with additional 767-200SF aircraft on an ACMI or dry lease basis beyond 2010."

http://www.airtransportnews.aero/article.pl?mcateg=&id=17592

BOC Aviation ( ancien SALE ), la Bank of China et....l'eximbank US :

L'eximbank était déjà intervenu pour le lessor DAE ( partie Boeing, of course )

Sur Flight :

Singapore-based aircraft lessor BOC Aviation has short-listed three parties for the provision of a $400 million Ex-Im loan.

The three contenders are investment banks JPMorgan Chase, Citigroup, and a joint bid by Goldman Sachs and Calyon, says a BOC Aviation spokeswoman.

The Export-Import Bank of the United States offers financing support to foreign purchasers of new and used US manufactured commercial and general aviation aircraft, including helicopters, under its direct loan, guarantee, and insurance programs.

In April BOC Aviation obtained $1 billion from its parent, Bank of China. It also signed a deal in May with a bank for $440 million, of which it has received 50% of the funds. The spokeswoman declines to name the bank.

BOC Aviation is also in the "very initial" stages of potential bond issue, but has yet to decide the timeframe and the size of the offering.

It, however, says that it has no aircraft purchase plans for now owing to its strong portfolio growth in recent years, with 47 planes to be delivered this year.

Parent company Bank of China said in its annual report that the leasing arm recorded an after-tax profit of $107 million in 2008, up $26 million from the $81 million recorded in 2007.

During 2008, BOC Aviation signed lease contracts involving 32 aircraft with seven airlines globally, and purchased 20 aircraft through purchase and lease-back from airlines including
Southwest Airlines. BOC has a portfolio of 92 aircraft and another 71 aircraft orders, a year-on-year increase of 21% and 18% respectively.

http://www.flightglobal.com/articles/2009/06/05/327443/boc-aviation-seeks-additional-400m-loan.html

AIG sélectionnerait deux repreneurs possibles pour ILFC.

Onex ( ! ) et Greenbriar Equity, SUH serait conservé. Rien n'est signé, mais l'article sur Bloomberg du 5 juin vaut peut-être le coup d'oeil :

"...American International Group Inc. has picked a group including Onex Corp. and Greenbriar Equity Group LLC as the preferred bidder for its aircraft-leasing unit, according to two people familiar with the situation.

The private-equity firms are negotiating to acquire Los Angeles-based International Lease Finance Corp., the largest customer of both Airbus SAS and Boeing Co., and keep the company
intact, said the people, who asked not to be identified because talks are private.
Onex and Greenbriar plan to keep ILFC founder and Chief Executive Officer Steven Udvar-Hazy to run the firm, said one of the people.

AIG is selling assets including life insurance units, office buildings and ILFC to help repay the
loan portion of a $182.5 billion government bailout. The company said yesterday it sold most of its majority stake in reinsurer Transatlantic Holdings Inc. in a share offering, bringing the total value of divestitures to about $6.6 billion since the rescue.

Onex and Greenbriar “are sophisticated investors” with experience in the aviation industry, said Peter Arment, an aerospace analyst at Broadpoint AmTech in Greenwich, Connecticut.
“Clearly there’s distressed prices in the marketplace and they see significant returns based on the long- term opportunity they have.”

Greenbriar focuses on investments in transportation firms and has about $1.5 billion in committed capital, according to its Web site. The Rye, New York-based firm’s managing partners are Reginald L. Jones III, the former head of transportation banking at Goldman Sachs Group Inc.; Gerald Greenwald, the former CEO of United Airlines parent UAL Corp., and Joel Beckman, who founded the Goldman Sachs transportation group.

Aviation Deals

Onex has also invested in aviation, joining Goldman Sachs in 2007 to buy a business-jet unit from
Raytheon Co. and in 2005 buying a stake in Spirit AeroSystems Holdings, which makes the fuselage for Boeing’s 737

AIG hasn’t signed an exclusivity contract with the bidders, according to one of the people. In addition to the Onex proposal, AIG has also received offers for the unit from two bidders, one including Washington-based Carlyle Group, and another that includes London-based Terra Firma Capital Partners Ltd., said people with
knowledge of those offers. The bids have been below the firm’s book value, which was about $7.8 billion on March 31, said one of the people.

Peter Tulupman, a spokesman for New York-based AIG, declined to comment. Spokesmen for Greenbriar, Carlyle and Terra Firma had no immediate comment. Christopher Govan, director of
investor relations for Toronto-based Onex, didn’t immediately return a call........"

http://www.bloomberg.com/apps/news?pid=20601082&sid=apaJ1dv2zWTY&refer=canada

Une info intéressante sur AIG/ILFC

http://www.news-assurances.com/aig-envisage-de-demembrer-la-flotte-davions-de-sa-filiale-ilfc/016711713

Alafco loue un B 737-900ER à la Cie charter turque Sky Airlines.

Source : IntelliNews

SUH s'adresse à Reuters.

Une petite info intéressante, la fenêtre d'annulations dans le contrat A 380. Mais il dit ne pas avoir l'intention....


* No plan to cancel, delay order for 10 Airbus A380s for now

* May change the deal with Airbus given economic environment

KUALA LUMPUR, June 9 (Reuters) - International Lease Finance Corp (ILFC) has no plans for now to delay or cancel orders for 10 Airbus A380s, its chief executive said on Tuesday, but may review the contract given the tough economic climate.

Steven Udvar-Hazy told Reuters that ILFC, the world's largest plane leasing firm, had the right to cancel or defer any of the orders for the A380 between January 1 and June 30 next year, but that no decision on cancellations or delays had been taken yet.

"We have to decide, do we change the deal," he told Reuters on the sidelines of the International Air Transport Association annual meeting in Kuala Lumpur.

"With the global environment and the financial stress in the industry, we have to be very careful. It's not about the aircraft, it's the economic environment, in the next few months, we will have better visibility".

Udvar-Hazy spoke to clarify comments attributed to him on the Web site of German newspaper Sueddeutsche Zeitung.

Asked whether this was a negotiating tactic ahead of the Paris Air Show, he said:

"We're Airbus' biggest customer, it's up to Airbus to cook up something. This is not the time for Airbus to have cancellations."

ILFC, a unit of troubled insurance giant AIG, has never cancelled an order before, he said.

Airbus, a unit of EADS, has said it was unaware of any cancellations or moves to cancel. (Reporting by Sara Webb; Editing by Raju Gopalakrishnan)

http://www.reuters.com/article/rbssIndustryMaterialsUtilitiesNews/idUSSP18870820090609