New York based fuel supplier Allied Aviation Services has made an offer to buy International Lease Finance Corp (ILFC) from the lessor’s troubled parent, American Insurance Group (AIG), in a deal reported to be valued at around US$12bn (A$13.15bn).
The offer, which AIG has not responded to, according to US media reports, would see the lessor split from the troubled AIG which was bailed out by the US government to the tune of US$182.5bn (A$200bn) at the height of last year’s financial crisis. ILFC is the largest aircraft lessor in the world with nearly 1000 Boeing and Airbus airliners on its books and placed with airlines, or on order. The Qantas Group, Virgin Blue and Air New Zealand are all ILFC customers.
ILFC founder and CEO, Steven Udvar-Hazy is also reported to be putting together a buyout bid for the lessor.
Start your very own aviation journey with Australian Aviation. Sign up today for as little as $49.95 and you’ll enjoy access to:
You can always rely on us to keep you in the know.
Join now and start enjoying all these benefits today.