International Lease Finance Corporation
| File:ILFC Logo.png | |
| 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 | Increase US$4.73 billion (2007) |
| Increase US$604 million (2007) | |
Number of employees | 290 (March 2013) |
| Parent | AerCap |
The International Lease Finance Corporation (ILFC) operated as a commercial aircraft leasing company headquartered in Constellation Place, located in Century City, Los Angeles, California. It held the distinction of being the largest aircraft lessor worldwide by asset value, providing Boeing and Airbus airplanes to leading airlines across the globe, although competitor General Electric's GECAS managed a greater number of aircraft.
History
Established in 1973 by Leslie Gonda, Louis L. Gonda, and Steven F. Udvar-Házy, ILFC was acquired by the insurance conglomerate American International Group (AIG) in 1990. Udvar-Házy led the company until his retirement in February 2010. Following his departure, Alan Lund took over as chairman while Henri Courpron, formerly with Airbus, was appointed president and CEO in May 2010.
In 2011, AIG submitted filings to the SEC with intentions to spin off ILFC through an initial public offering.
By December 2012, AIG revealed plans to sell a majority 90% share of ILFC to a group of Chinese investors including New China Trust, New China Life Insurance, P3 Investments, and the China Aviation Industrial Fund as part of efforts to address its $182 billion government bailout debt. However, two Chinese companies withdrew from the transaction by August 2013. Facing an imminent deadline, AIG explored alternative options such as pursuing an IPO.
Ultimately, on December 16, 2013, AIG divested its entire interest in ILFC to AerCap Holdings N.V., resulting in a major consolidation within the aircraft leasing sector.
Headquarters
ILFC’s main office was situated on the top six floors of Suite 3400 at Constellation Place (previously known as the MGM Tower) in Century City, Los Angeles, California. As of March 2013, the company employed approximately 290 people. Notably, the CEO’s office included a functional fireplace.