ILFC to Lease 3 Additional B787-8's to Aeromexico

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." 

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

Source: Grupo Aeromexico
Date: Mar 28, 2012