ILFC Files IPO Papers | Aviation International News

ILFC Files IPO Papers

Insurance giant AIG appeared closer to proceeding with plans to wind down its exposure to the aircraft leasing business when on September 2 its ILFC unit f

ILFC in March became the first customer for Airbus’ A321neo as part of a new agreement for 100 A320neo series aircraft. (Photo: Airbus)

By Gregory Polek • Senior Editor

September 12, 2011

Insurance giant AIG appeared closer to proceeding with plans to wind down its exposure to the aircraft leasing business when on September 2 its ILFC unit filed a registration statement with the U.S. Securities and Exchange Commission for a proposed initial public offering. Although in an internal note to employees, ILFC chief executive Henri Courpron reportedly wrote AIG hasn’t yet formally decided to pursue an IPO, he characterized the filing as an important step in preparing for one and an opportunity for AIG to take full advantage of its ownership of ILFC.

Before the IPO proceeds, “and subject to certain conditions,” ILFC would become a direct subsidiary of ILFC Holdings, which AIG formed solely to advance the IPO.

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