ILFC Continues to Focus on Enhancing Operations in 2013

Tue Jan 22, 2013 3:00am EST

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Diversifying Funding Sources, Supporting Regional Presence, and Fostering Global
Customer Base


LOS ANGELES--(Business Wire)--
International Lease Finance Corporation (ILFC), a wholly owned subsidiary of
American International Group, Inc. (NYSE: AIG), announced today it will continue
to focus on strengthening the company`s operations throughout 2013. 

"This past year marked a critical milestone in enhancing ILFC`s operations and
bolstering our liquidity and capital position," said ILFC Chief Executive
Officer Henri Courpron. "With our team`s unwavering commitment to our vision for
a long-term and sustainable future for both our company and the industry, we
will continue to deliver innovative total aircraft fleet solutions to assist our
customers worldwide in optimizing their fleets." 

In 2012, ILFC:

* Raised $4.2 billion through several financing structures that incorporated
secured bank financing, secured institutional term loans, and unsecured public
bonds. 
* Diversified its funding sources and reduced funding costs through a variety of
financing activities, including closing a $203 million bank loan arranged and
underwritten by DVB Bank, pricing $287 million pre-funded secured notes due 2025
guaranteed by the Export-Import Bank of the United States, refinancing the $550
and $750 million secured term loans, and closing a senior secured term loan of
$900 million, which was supported by collateral with an initial weighted average
age of 13.4 years. 
* Enhanced its liquidity and credit profile by entering into a new $2.3 billion
committed unsecured revolving credit facility, which matures in October 2015,
replacing its $2.0 billion unsecured revolving credit facility. 
* Held in excess of $2.9 billion in unrestricted cash as of December 31, 2012
for future debt maturities and growth.

About ILFC

International Lease Finance Corporation (ILFC) is a global market leader in the
leasing and remarketing of commercial jet aircraft. With more than 1,000 owned
and managed aircraft and commitments to purchase 229 new high-demand,
fuel-efficient aircraft and rights to purchase an additional 50 A320neo family
aircraft, ILFC is the world's largest independent aircraft lessor. ILFC leases
aircraft to approximately 200 airlines in more than 80 countries and provides
part-out, engine leasing and engine exchange services through its subsidiary,
AeroTurbine. ILFC operates from offices in Los Angeles, Amsterdam, Beijing,
Dublin, Miami, Seattle, and Singapore. ILFC is a wholly owned subsidiary of
American International Group, Inc. (AIG). www.ilfc.com | Twitter: @ILFCGlobal 

About AIG

AIG is the world`s largest insurance organization, serving more than 88 million
customers in over 130 countries and jurisdictions around the world. AIG
businesses are market leaders in property casualty insurance, life insurance and
retirement services, mortgage insurance, and aircraft leasing. Additional
information about AIG can be found at www.aig.com | YouTube: www.youtube.com/aig
| Twitter: @AIG_LatestNews | LinkedIn: http://www.linkedin.com/company/aig

International Lease Finance Corporation
Paul Thibeau, +1-310-788-1999
pthibeau@ilfc.com


Copyright Business Wire 2013

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