ILFC

0 statements across 0 episodes · 0 bullish · 0 bearish · 1 people on the record · first statement Sep 4, 2023 by Steven Udvar-Hazy · across every show →

Everything said about ILFC, oldest first

Sep 4, 2023
Assertion Supported
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…”
Steven Udvar-Hazy Sep 4, 2023 ▶ 43:19 Air Lease Corporation: Steven Udvar-Hazy
Sep 4, 2023
Assertion Partly supported
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.”
Steven Udvar-Hazy Sep 4, 2023 ▶ 56:54 Air Lease Corporation: Steven Udvar-Hazy
Sep 4, 2023
Assertion Supported
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.”
Steven Udvar-Hazy Sep 4, 2023 ▶ 47:02 Air Lease Corporation: Steven Udvar-Hazy
Sep 4, 2023
Assertion Partly supported
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.”
Steven Udvar-Hazy Sep 4, 2023 ▶ 49:20 Air Lease Corporation: Steven Udvar-Hazy
Sep 4, 2023
Disclosure
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%.”
Steven Udvar-Hazy Sep 4, 2023 ▶ 49:32 Air Lease Corporation: Steven Udvar-Hazy
Sep 4, 2023
Assertion Not checkable as stated
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…”
Steven Udvar-Hazy Sep 4, 2023 ▶ 1:03:06 Air Lease Corporation: Steven Udvar-Hazy
Sep 4, 2023
Assertion Partly supported
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.”
Steven Udvar-Hazy Sep 4, 2023 ▶ 48:33 Air Lease Corporation: Steven Udvar-Hazy
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