ILFC
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7 statements about ILFC, every show
Most clients migrated from ILFC to Udvar-Hazy's new Air Lease Corporation
“But I would say that once we left and started Airlease, most of the airlines went with us. They did either no or very little future business with ILFC, particularly since it was still under this government AIG umbrella. So I would say a large number of the cus…”
ILFC had just made a $1B profit before the AIG crisis hit
“And here we are, company just made a billion dollar profit And we're now right in the middle of this thunderstorm.”
Insiders held about 68% of ILFC at the time of AIG's acquisition
“I think 68% of the company was still owned by the insiders. The Gondas and myself and my family. And the public had, I think, 32%.”
AIG's $1.3B ILFC acquisition represented a 50x return from IPO
“For a company that went public for twenty six million less than seven years before that. So it was a 50 times greater.”
ILFC placed a speculative bulk order for 130 new Boeing aircraft
“And then we did a deal with Boeing and ordered a 130 brand new planes, speculatively.”
ILFC completed its 1983 IPO with only eight total employees
“But it was kind of oddball to have a public company with eight employees, including the three founders.”
ILFC bought its first new Boeing 737 for $7.5M in 1977
“So in 1977, a year before deregulation, we bought our first brand new plane, brand new, seven, three, seven, from Boeing, and we leased it to a British airline called Britannia Airways, which was the largest charter airline in Europe. So we already reached the…”