7-Jul-2010 11:26 AM

Lease rates 'holding nicely'; ILFC 'doing extremely well', says CEO

International Lease Finance Corp's (ILFC) new CEO, Henri Courpron, stated the leasing company is "doing extremely well" adding that the American International Group subsidiary sees a "continued improvement trend in our ability to engage financing parties" (Bloomberg, 07-Jul-2010). Mr Courpon added: "I'm not worried about the outlook for ILFC." The new CEO also stated he was not considering selling "large portions" of the company's portfolio, but stated an order for 10 A380s is "under review". ILFC has a USD13 billion portfolio. Mr Courpron also stated ILFC arranged more than 50 commitments for aircraft leases in 1H2010, adding that "lease rates are holding up nicely".

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