International Lease Finance Corporation (ILFC), a wholly owned subsidiary of American International Group, Inc. (NYSE: AIG), announced today that the company has entered into an agreement with Donghai Airlines Co., Ltd for the lease of two used Boeing 737-800 aircraft, which have already been delivered to the airline.
“ILFC welcomes Donghai Airlines as a new customer and we are very pleased to provide the airline, which is one of China’s newest passenger airlines, with its very first 737-800 passenger aircraft,” said ILFC Executive Vice President and Chief Marketing Officer Philip G. Scruggs. “We look forward to expanding this new relationship.”
"We have established a seven-year blueprint. For the next two years, we plan to add five to six aircraft to our fleet each year. By 2020, Donghai will have developed on an extraordinary path,” said Donghai Airlines Chief Executive Officer Guoxin Su, previously General Manger of China Eastern Airlines (Jiangsu).
The aircraft are powered by CFM engines and their seating configuration comprises 8 first class and 159 economy class seats.About Donghai Airlines Donghai Airlines Co., Ltd was founded in November 2002 and operates from its main base located at Shenzhen Bao’an International Airport in Shenzhen, China. During more than a decade of operation, the airline has established a number of domestic and international cargo flight routes, including Hong Kong, Osaka, Bangkok, Manila and others, which reach almost twenty-five destinations. With the expansion of its fleet, the airline will launch passenger service from Shenzhen to Beijing, Shanghai, Xi’an, Zhengzhou, Chongqing and other domestic destinations. As of 2014, the airline expects to have 7 Boeing 737-300F and 3 Boeing 737-800 aircraft in operation, with the Boeing 737s serving as the backbone of its fleet. Donghai Airlines also plans to operate international routes to Southeast Asia in the upcoming years. www.donghaiair.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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