The trend over the last few years in which customers have placed extremely large orders for airliners has raised questions about the underlying reasons and its potential effect on OEMs that continue to raise production rates in response. The practice seems most prevalent among customers for narrowbodies, prompting both Boeing and Airbus to project rate increases to well beyond 40 in the coming years and raising concerns within some circles of a so-called bubble in the sector.
International Lease Finance Corporation
The latest personal scandal to shake the aerospace industry saw former Boeing International president Laurette Koellner unseat Henri Courpron as the seniormost executive officer at International Lease Finance Corp., parent company American International Group (AIG) announced Thursday evening.
Steven Udvar-Hazy’s Air Lease Corporation (ALC) attributes a trade secrets lawsuit filed against it on April 24 by American International Group and its subsidiary, International Lease Finance Corp., to what it characterizes as ILFC’s inability to compete effectively and its perception of Air Lease as a “growing threat.”
The four panelists participating in the last session held at the March 19 to 20 International Society of Transport Aircraft Traders (ISTAT) conference in Scottsdale, Ariz., reacted to what CIT Group Transportation Finance president and panel moderator Jeffrey Knittel called the “mega order syndrome” with mixed but carefully considered opinions, while most attendees appeared concerned about an
CFM International recorded a record year in 2011, logging orders for 1,500 commercial, military and spare CFM56 engines and commitments for 3,056 Leap engines for a combined value of $51.7 billion at list prices.
Insurance giant AIG appeared closer to proceeding with plans to wind down its exposure to the aircraft leasing business when on September 2 its ILFC unit filed a registration statement with the U.S. Securities and Exchange Commission for a proposed initial public offering.
International Lease Finance Corporation (ILFC) announced yesterday it has completed an agreement to lease six Boeing 787-8s and two new 787-9s to Thai Airways. The agreement also includes options on another two 787-9s.
All the leases cover a 12-year term. The agreement calls for Thai Airways to receive the eight 787s between 2014 and 2017.
ILFC stands as the largest customer for the 787, with 74 aircraft on order.
Another day, and plenty more dollars. The second day of the 2011 Paris Air Show saw yet more major orders for airliners and the engines that power them.
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.
International Lease Finance Corporation (ILFC) announced today that it has finalized an order for the purchase of 100 A320neo family aircraft from Airbus.
ILCF said the deal provides for “model flexibility” but initially includes both A320neo and A321neos. Plans call for deliveries to start in 2015. As announced earlier, ILFC has chosen the Pratt & Whitney PW1100G geared turbofan to power at least 60 of the airplanes.