International Lease Finance Corporation (ILFC), a wholly owned subsidiary of American International Group, Inc. (NYSE: AIG), announced today that Ethiopian Airlines, one of the fastest growing airlines in Africa, has agreed to lease three of Boeing’s new Dreamliner 787-8 aircraft.
"ILFC is proud to reinforce our partnership with Ethiopian Airlines by adding to their fleet the most advanced aircraft in the skies today – Boeing’s Dreamliner,” said ILFC Chief Executive Officer Henri Courpron. “Ethiopian is a proud airline with a history of success and commitment within Africa and international destinations around the world. We look forward to their continued success.”
Tewolde GebreMariam, Chief Executive Officer of Ethiopian Airlines, said, “In line with vision 2025 strategic road maps, Ethiopian is scaling up its fast, profitable and sustainable growth. Being the first in Africa and third in the world to operate the 787 Dreamliner aircraft and being satisfied with the performance of the fleet in service, Ethiopian is pleased to bring the B787 fleet to thirteen by 2015. We value our partnership with ILFC.”
ILFC’s Head of Europe, Middle East and Africa Colin Bole commented, “Africa presents a real opportunity for the aviation industry to expand and contribute to the growth and prosperity of the continent. ILFC is committed to partnering with the region’s strategically minded airlines such as Ethiopian.” Last year ILFC opened a full-service office in Amsterdam to support regional customers including those in Africa.The aircraft are scheduled for delivery in the first half of 2015 and will carry GEnx-1B70/75 engines. ILFC is the largest customer for the Boeing 787 Dreamliner with an order book of 74 aircraft. The 787 incorporates visionary technologies that provide environmental improvements together with enhanced fuel efficiency and passenger comfort.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV