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 rival, General Electric's GECAS unit, has more aircraft. It leases Boeing and Airbus aircraft to airlines worldwide, including Air Canada, Air France-KLM, Aegean Airlines, Lufthansa, American Airlines, Air India, Continental Airlines, Mexicana, Emirates Airline, Vietnam Airlines, Vueling Airlines and most recently, Delta Air Lines.
Father and son team Leslie Gonda and Louis L. Gonda founded ILFC in 1973 along with Steven F. Udvar-Hazy. The company was acquired by international insurance giant AIG in 1990, although the unit is still run by Udvar-Hazy.
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.
Father and son team Leslie Gonda and Louis L. Gonda founded ILFC in 1973 along with Steven F. Udvar-Hazy. The company was acquired by international insurance giant AIG in 1990, although the unit is still run by Udvar-Hazy.
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.
"The airline industry dodged two bullets this week. The rescue of AIG, once the world’s biggest insurer, also saved its subsidiary, ILFC, a market leader in aircraft-leasing. As a result 900 planes did not fall into the hands of the receivers, which would have caused confusion and disruption to dozens of airlines around the world." According to Economist.com
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