International Lease Finance Corporation (ILFC) has signed a letter of intent, subject to final agreement, for the purchase of 50 E-Jets E2 aircraft from Embraer, including 25 E190-E2 and 25 E195-E2. The deal also includes options for an additional 50 aircraft, and marks the introduction of the E-Jets Family to the company’s diverse aircraft fleet.
“The addition of the E-Jets E2 to our fleet is an exciting prospect, and we look forward to developing our relationship with Embraer,” said ILFC Chief Executive Officer Henri Courpron.
“We are constantly listening to our customers with the objective of executing on our commitment to offer the most suitable air craft for their needs. These new aircraft would bring value and operational efficiencies to our customers and further position ILFC as the most responsive and resourceful aircraft lessor today.”
“The ILFC’s order demonstrates the huge potential the company sees in the market and this airplane family,” said Paulo Cesar Silva, President and CEO, Embraer Commercial Aviation.
“We thank ILFC for becoming a new E-Jets customer and for endorsing the E2 program. As the launch customer for the E2, among leasing companies, ILFC’s global footprint and its diversified operator base will ensure access of even more airlines around the world to the airplanes.”
Deliveries of the new aircraft are expected to begin in January 2018 and complete in 2023. The E-Jets E2 are configured with new aerodynamically advanced wings, new engine, full fly
-by-wire flight controls, and advancements in other systems, which will result in double-digit improvements in fuel burn, maintenance costs, emissions, and external noise.
AIG extends deadline for sale of ILFC and removes exclusivity agreement
In an SEC filing, American International Group, Inc. (AIG) announced that it entered into an amendment on June 15, 2013 of the share purchase agreement for International Lease Finance Corporation (ILFC) by Jumbo Acquisition Limited dated as of December 9, 2012,
“The Amendment extends by one and a half months, to July 31, 2013, the date on which any of AIG, Seller or Purchaser may terminate the Share Purchase Agreement if the closing of the Transaction has not yet occurred. Under the Amendment, AIG and Seller may pursue (but not enter into definitive documentation for, or consummate) other offers for ILFC and may continue to pursue (but not engage in widespread solicitation of orders for, or request effectiveness of) the alternative of a public offering. Under the Amendment, AIG or Seller may terminate the Share Purchase Agreement prior to July 31, 2013 if AIG reasonably determines in good faith that closing conditions relating to regulatory matters would not be satisfied by July 31, 2013. The Amendment also amends to July 15, 2013 the date by which the Purchaser may deliver the Option Notice (as defined in the Share Purchase Agreement) to AIG and Seller.”