The agreement provided for 15 previously ordered Boeing 737-800 Next Generation aircraft to be purchased by ILFC from American and immediately leased back to American under a sale-leaseback financing arrangement. The program began in November of 2011 and the fifteenth aircraft in the transaction delivered on November 14, 2012.
ILFC Chief Executive Officer Henri Courpron commented: “ILFC was pleased with this sale-leaseback arrangement with American and views this transaction as an important achievement in the execution of our strategy to increase ILFC’s market share in the Americas. American was able to execute on its fleet strategy and ILFC strengthened its relationship with a valuable customer.”