Future in doubt for Boeing, Airbus customer ILFC
Published 12:28 pm Wednesday, March 25, 2009
A major buyer of Boeing and Airbus jets, ILFC, said in a regulatory filing that its ability to continue could be in doubt if it doesn’t secure additional financing.
International Lease Finance Corp., a wholly-owned subsidiary of troubled AIG, is a dominant aircraft leasing company.
“We have been significantly and adversely affected by recent events in the marketplace, including challenges faced by AIG,” the lessor said in a filing to the Securities and Exchange Commission.
“Our business is also subject to numerous other risks and uncertainties. … Many of these risks are interrelated and the occurrence of certain of them could in turn cause the emergence, or exacerbate the effect, of others. Such a combination could materially increase the severity of
the impact on us.”
Without additional support from AIG or from a third party, ILFC says its future is uncertain.
The leasing company has 94 aircraft on order with the Boeing Co, including requests for 74 Boeing 787s.
