The International Lease Finance Corporation (ILFC) was an aircraft lessor headquartered in the Constellation Place in Century City, Los Angeles, California, US.[citation needed]
 | |
| Company type | Division |
|---|---|
| Industry | Aircraft leasing and sales |
| Founded | July 1973 |
| Headquarters | Constellation Place Los Angeles, California, U.S. |
Key people | Henri Courpron, CEO Fred Cromer, President |
| Revenue |  US$4.73 billion (2007) |
| US$604 million (2007) | |
Number of employees | 290 (March 2013) |
| Parent | AerCap |
It was the world's largest aircraft lessor by value, though ILFC's rival, General Electric's GECAS unit, had more aircraft. It leased Boeing and Airbus aircraft to major airlines worldwide.[citation needed]
History
Father and son team Leslie Gonda and Louis L. Gonda founded ILFC in 1973 along with Steven F. Udvar-Házy.[citation needed] The company was acquired by international insurance giant American International Group (AIG) in 1990, although the unit was still run by Udvar-Hazy until he retired in February 2010, when he was succeeded by vice-chairman Alan Lund. Henri Courpron, a former Airbus executive, was appointed president and CEO of ILFC in May 2010.[1]
On September 2, 2011, AIG filed with the SEC to spin off ILFC in an initial public offering.[2][3][4][5][6][7][8][9]
In December 2012, AIG announced that it was selling a 90% stake in the company to a consortium of Chinese companies consisting of New China Trust, New China Life Insurance, P3 Investments and the China Aviation Industrial Fund to raise funds to repay its US$182B government bailout.[10]
In August 2013, two of the Chinese companies withdrew their involvement in the deal.[11] AIG had given a deadline for the completion of the deal as August 31, 2013,[12] and alternatives were considered, such as an initial public offering.[12]
On December 16, 2013, AIG announced they were selling its entire stake in ILFC to AerCap Holdings N.V.[13]
Headquarters
The ILFC was headquartered in Suite 3400 of the Constellation Place (formerly MGM Tower) in Century City, Los Angeles, California.[14] ILFC has its headquarters on the top six floors of the building, with 290 employees as of March 2013. The CEO's penthouse office had a working fireplace.[15]
References
External links
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