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TheStreet Open House

ILFC To Lease Two Additional B787-8's To Aeromexico

Stocks in this article: AIG













LOS ANGELES, March 28, 2012 /PRNewswire/ --  International Lease Finance Corporation (ILFC), a wholly owned subsidiary of American International Group, Inc. (NYSE: AIG), announced today it has completed an agreement to expand its partnership with Grupo Aeromexico ( Mexico: AEROMEX.MX) by adding two additional new Boeing 787-8 aircraft bringing the total leased from ILFC to five.

"The addition of these two Boeing 787 aircraft to our current fleet of five, two which were ordered from Boeing and three previously leased from ILFC, is very positive news for Grupo Aeromexico, as part of our expansion plan to service international markets. These aircraft will be deployed on our long-haul routes, ultimately replacing 767 aircraft and allowing us to continue providing high-quality service while proudly representing Mexico worldwide," said Andres Conesa, CEO of Grupo Aeromexico.

ILFC Chief Executive Officer Henri Courpron commented, "Aeromexico was ILFC's first customer. We appreciate their confidence in ILFC over the last 38 years. This new transaction is a symbol of the important strategic partnership between Aeromexico and ILFC." 

The aircraft, equipped with GEnx engines, are scheduled for delivery in the first half of 2014.

About Grupo AeromexicoGrupo Aeromexico, S.A.B. de C.V. is a holding company whose subsidiaries are engaged in commercial aviation in Mexico and the promotion of passenger loyalty programs. It operates a fleet of Boeing 777, 767, and 737 jet airliners and next generation Embraer 145 and 190 models. The Group began a major two-year expansion plan in 2011 that includes the incorporation of 20 new aircraft and properties.

Grupo Aeromexico operates its main hub out of Terminal 2 in the Mexico City International Airport and offers 450 daily flights to different cities in Mexico, the United States, Canada, Central and South America, and Europe and Asia. The Group offers 450 daily flights to different cities in Mexico, the United States, Canada, Central and South America, Europe and Asia.

Aeromexico is a founding member of SkyTeam, the global airline alliance partnering 15 airlines: Aeroflot, Aeromexico, Air Europa, Air France, Alitalia, China Airlines, China Eastern, China Southern, CSA Czech Airlines, Delta Air Lines, KLM Royal Dutch Airlines, Kenya Airways, Korean Air, TAROM Romanian Air Transport, and Vietnam Airlines. SkyTeam offers all partner airline passengers a large global network of destinations and frequencies, and great connectivity. Passengers earn and redeem miles through the different airline partners' loyalty programs and enjoy SkyTeam's 465 airport lounges around the world. SkyTeam offers its 474 million annual passengers more than 14,000 daily flights to 921 destinations in 168 countries across the globe. www.skyteam.com

About ILFCILFC is the world's largest independent aircraft lessor measured by number of owned aircraft. ILFC's portfolio consists of over 1,000 owned or managed aircraft, as well as commitments to purchase 252 new high-demand, fuel-efficient aircraft and rights to purchase an additional 50 such aircraft. www.ilfc.com

About AIG American International Group, Inc. (AIG) is a leading international insurance organization serving customers in more than 130 countries. AIG companies serve commercial, institutional, and individual customers through one of the most extensive worldwide property-casualty networks of any insurer. In addition, AIG companies are leading providers of life insurance and retirement services in the United States. AIG common stock is listed on the New York Stock Exchange and the Tokyo Stock Exchange.

www.aeromexico.com

SOURCE Grupo Aeromexico, S.A.B. de C.V.

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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