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International Lease Finance Corporation (ILFC) history
International Lease Finance Corporation (ILFC) company history timeline
1983: ILFC begins trading shares over the counter.
ILFC's profits rose 55 percent to $51.2 million in 1987 on revenues of $179.6 million--mostly from lease payments.
ILFC posted pre-tax profits of $139.7 million in 1991.
While airlines were cutting back deliveries, ILFC placed a $4.1 billion order for 82 aircraft in January 1993, betting the market would eventually turn around.
By 1994, however, leased planes were expected to account for half the world fleet.
There were signs of an industrywide recovery in 1995, as Singapore Airlines and others placed large orders with the aircraft manufacturers.
ILFC ordered 50 of the 737s from Boeing in December 1999 in a deal worth $2.4 billion.
Henri Courpron, a former Airbus executive, was appointed president and CEO of ILFC in May 2010.
In December 2012, AIG announced that it was selling a 90% stake in the company to a consortium of Chinese companies consisting of New China Trust, New China Life Insurance, P3 Investments and the China Aviation Industrial Fund to raise funds to repay its US$182B government bailout.
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International Lease Finance Corporation (ILFC) may also be known as or be related to INTERNATIONAL LEASE FINANCE CORP, International Lease Finance Corporation and International Lease Finance Corporation (ILFC).