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TheStreet Open House

ILFC To Lease Airbus A320-200 Aircraft To Aircalin

Stocks in this article: AIG

International Lease Finance Corporation (ILFC), a wholly owned subsidiary of American International Group, Inc. (NYSE: AIG), announced today that it has signed an agreement with Air Calédonie International (Aircalin), New Caledonia’s international airline, for the lease of a used Airbus A320-200. The aircraft will support the airline’s efforts to meet growing demand for air travel in the region.

“ILFC is pleased to welcome Aircalin as our newest airline customer in Asia Pacific,” said ILFC Vice President Peter Anderson. “We look forward to building our relationship with Aircalin and providing the airline with customized fleet solutions that will support the expansion of their business to meet the region’s rising air passenger traffic.”

Aircalin CEO Didier Tappero enthuses about this agreement. “We needed to integrate another aircraft into our fleet in order to implement our business plan for the coming years. We are now able to launch the actions we have been working on for several months, especially in cooperation with the New Caledonia Tourism Industry and the opening of a new Aircalin line to Melbourne.”

The aircraft is scheduled for delivery in the middle of 2014 and will mark the addition of the second Airbus A320 to the airline’s fleet. The aircraft will be equipped with IAE V2500 engines and configured to have 8 business and 150 economy class seats. It will operate on Aircalin’s regional network, which connects its Nouméa base in New Caledonia with Japan, Australia, New Zealand and major South Pacific Islands.

About AIRCALIN

AIRCALIN is a full service international airline based in New Caledonia. Operating a modern fleet of Airbus A330s and A320, the company offers flights to Japan, Australia, New Zealand and major South Pacific Islands. AIRCALIN is offering the most comprehensive schedule for those wanting to travel to or from New Caledonia. For more details, please visit www.aircalin.com

About ILFC

International Lease Finance Corporation (ILFC) is a global market leader in the leasing and remarketing of commercial aircraft. With nearly 1,000 owned and managed aircraft and commitments to purchase approximately 330 new high-demand, fuel-efficient aircraft, ILFC is the world's largest independent aircraft lessor. ILFC has approximately 200 customers in more than 80 countries and provides part-out and engine leasing services through its subsidiary, AeroTurbine. ILFC operates from offices in Los Angeles, Amsterdam, Beijing, Dublin, Miami, Seattle, and Singapore. ILFC is a wholly owned subsidiary of American International Group, Inc. (AIG). www.ilfc.com | Twitter: @ILFCGlobal

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. Additional information about AIG can be found at www.aig.com



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