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International Lease Finance Corporation

International Lease Finance Corporation

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The International Lease Finance Corporation (ILFC) is an aircraft lessor headquartered in Century City, Los Angeles
Los Ángeles
Los Ángeles is the capital of the province of Biobío, in the commune of the same name, in Region VIII , in the center-south of Chile. It is located between the Laja and Biobío rivers. The population is 123,445 inhabitants...

, California.

It is the world's largest aircraft lessor by value, though ILFC's rival, General Electric's GECAS unit, has more aircraft. It leases Boeing and Airbus
Airbus
Airbus SAS is an aircraft manufacturing subsidiary of EADS, a European aerospace company. Based in Blagnac, France, surburb of Toulouse, and with significant activity across Europe, the company produces around half of the world's jet airliners....

 aircraft to major airlines worldwide, including AeroMexico, Air Canada, Asiana Airlines, Korean Air, Cathay Pacific, Cyprus Airways, Air France-KLM, Lufthansa, Alaska Airlines, American Airlines, Air India, Continental Airlines, Norwegian Air Shuttle, Mexicana, Pakistan International Airlines, Emirates Airline, Gulf Air and most recently, Delta Air Lines.

Father and son team Leslie Gonda
Leslie Gonda
Leslie Gonda is a business man and entrepreneur and Holocaust survivor who moved to South America after the Holocaust, beginning a local wares business. Over time, he grew, beginning local businesses and branching into hotels and the aircraft industry...

 and Louis L. Gonda founded ILFC in 1973 along with Steven F. Udvar-Hazy
Steven F. Udvar-Hazy
Steven Ferencz Udvar-Házy is the CEO of Air Lease Corp. He is the former Chairman and CEO of International Lease Finance Corporation , one of the two largest aircraft lessors in the world...

. The company was acquired by international insurance giant AIG
American International Group
American International Group, Inc. or AIG is an American multinational insurance corporation. Its corporate headquarters is located in the American International Building in New York City. The British headquarters office is on Fenchurch Street in London, continental Europe operations are based in...

 in 1990, although the unit was still run by Udvar-Hazy until he retired in February 2010; he was succeeded by vice-chairman Alan Lund. Henri Courpron, a former Airbus executive, was appointed as president and CEO of ILFC in May 2010.

On September 2, 2011, AIG filed with the SEC to spin off ILFC in an initial public offering.

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