International Lease Finance Corporation

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International Lease Finance Corporation (ILFC)

Type	Public
Founded	1973
Headquarters	10250 Constellation Blvd. Los Angeles, CA 90067 USA
Key people	Steven F. Udvar-Hazy, CEO
Industry	Aircraft leasing & sales
Revenue	▲ $4.73 billion USD (2007)
Net income	▲ $604 million USD (2007)
Employees	170
Website	www.ilfc.com

The International Lease Finance Corporation (ILFC) is an aircraft lessor headquartered in Los Angeles, California. It is the world's largest aircraft lessor by value, though ILFC's archrival, General Electric's GECAS unit, has more aircraft. It leases Boeing and Airbus aircraft to airlines worldwide, including Air Canada, Air France-KLM, Lufthansa, American Airlines, Air India, Continental Airlines, Mexicana, Emirates Airline, Vietnam Airlines, Vueling Airlines and most recently, Delta Air Lines.

ILFC is owned by U.S. insurance giant AIG, and is run by Steven F. Udvar-Hazy, who founded the company in 1973. At the beginning of 2005, ILFC had an inventory of 824 aircraft (per AvSoft/The Wall Street Journal.) According to Aviation Week and Space Technology magazine (August 6, 2007) as of August 2007, ILFC had an inventory of more than 900 aircraft valued at more than $48 billion. ILFC is the largest customer of both Boeing and Airbus.

ILFC ordered five passenger Airbus A380 aircraft and five freighter versions and was due to receive the first aircraft in the summer of 2007. However, in 2006 the order was renegotiated, resulting in delivery deferred until at least 2013, and the five freighters from the original order switched to passenger version.^[1]

According to the Wall Street Journal (Tuesday, May 13, 2008, Page C1), in 2007 ILFC earned revenues of $4.73 billion and income of $604 million, with a staff of only 170 people.