International Lease Finance Corporation (ILFC), the world's largest aircraft lessor by value, is reportedly close to reaching agreement with the Federal Reserve Bank of New York to obtain a US$5 billion line of credit that will help facilitate its sale. Last month the ILFC said it needed financial support due to its lack of access to financing because it was a unit of American International Group (AIG) which saw more than US$180 billion pumped in by the government and the NY Fed to bail out AIG … [Read more...] about ILFC looks for funding as sale talks ongoing
ILFC
ILFC boss forecasts airframe production cuts
ILFC boss forecasts airframe production cuts International Lease Finance Corp (ILFC) chairman and CEO Steven Udvar-Hazy has projected that both Airbus and Boeing will cut production over the next two years by as much as 30-35 per cent. Airbus currently plans to produce close to 500 aircraft this year, while Boeing's target is 480-485 units, but just last week Airbus revealed that it had 12 order cancellations in January - three A318s, two A319s, three A320s and four A321s - while booking just … [Read more...] about ILFC boss forecasts airframe production cuts
