When did AerCap buy ILFC?
December 16, 2013
On December 16, 2013, AerCap bought International Lease Finance Corporation (ILFC) for around $5.4 billion, $3 billion of which was paid by cash and the rest with newly issued AerCap common shares.
Who bought ILFC?
AerCap Holdings NV completed its $7.6 billion purchase of International Lease Finance Corp., creating the largest independent jet-leasing firm and a windfall for seller American International Group Inc.
Who owns AerCap?
Aengus Kelly, CEO of AerCap, accepts the award, Airline Economics ‘CEO of the Year’ at the Aviation 100 Global Leaders Awards 2018.
Who is the CEO of AerCap?
Aengus Kelly (May 18, 2011–)
AerCap/CEO
What happened to ILFC?
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, who was succeeded by vice-chairman Alan Lund.
What is International Lease?
International Lease: The international lease refers to the type of lease agreement where one or more parties to the lease agreement reside or are domiciled in different countries.
How does AerCap make money?
Their primary business is leasing aircraft to airlines under long-term contracts. Furthermore, AerCap manages aircraft for other companies and sells their old aircraft, often above book value (Fig 1.), to partly finance new aircraft.
How old is Aengus Kelly?
47-year-old
AerCap’s 47-year-old CEO Aengus Kelly, who has more than two decades of experience in the leasing business, is no stranger to deal-making. He oversaw AerCap’s 2014 acquisition of ILFC from AIG in 2014.
Who is Gus Kelly?
Gustavus William Francis Blake “Gus” Kelly (2 April 1877 in Dublin, Ireland – 16 August 1951 in County Roscommon, Ireland) was an Irish cricketer. A right-handed batsman and a right-arm fast bowler, he played 18 times for the Ireland cricket team between 1895 and 1914 including nine first-class matches.
What is single investor lease?
In a single investor lease, there are two parties – lessor and lessee. The lessor arranges the money to finance the asset or equipment by way of equity or debt. The lender is entitled to recover money from the lessor only and not from the lessee in case of default by a lessor.
Who is the CEO of aercap?
When did AerCap acquire International Lease Finance Corporation?
Amsterdam, Netherlands; December 16, 2013 – AerCap Holdings N.V. (“AerCap”) ( AER) today announced that it has entered into a definitive agreement with American International Group, Inc. (“AIG”) ( AIG) under which AerCap will acquire 100% of the common stock of International Lease Finance Corporation (“ILFC”), a wholly-owned subsidiary of AIG.
What kind of credit facility does AIG have for AerCap?
In connection with the acquisition, AIG has entered into agreements with AerCap regarding voting restrictions, standstill provisions and certain registration rights. As part of the transaction, AIG will provide AerCap with a committed five-year $1.0 billion unsecured revolving credit facility.
Who is the CEO of AerCap aircraft finance?
AerCap`s CEO Aengus Kelly commented: “AerCap`s acquisition of ILFC will create the leading global franchise in the aircraft leasing industry.
When is the conference call for AerCap acquisition?
UBS and Citibank have provided committed financing to AerCap for the transaction. In connection with the press release, management will host a conference call today, Monday, December 16, 2013, at 8:00 am Eastern Time / 2:00 pm Central European Time.
