AIG has also announced this week that ILFC has repaid a $2 billion revolving line of credit that was fully drawn in September 2008. The lessor has since generated $12.5 billion in liquidity through debt issuance and extensions and aircraft sales. It also repaid loans of $3.9 billion back to the Federal Reserve Bank of New York. Even though the lessor reports debt of $32.3 billion in its March 10k filing, it states that it is now self financing and will no longer rely on AIG for funds. Steenland also stated that it was reassessing its order book in favour

This content is restricted to site members.

If you are an existing user, please login below.
New users may register below.

Existing Users Log In