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.
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]
^"
Contact UsArchived 2011-05-12 at the
Wayback Machine." International Lease Finance Corporation. Retrieved May 6, 2011. "10250 Constellation Blvd. Suite 3400 Los Angeles, CA 90067 USA"