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Exclusive: Three buyers fight for ILFC with bids due in April

16 March 2009

The US government, manufacturers, western banks and Asian banks are all planning to lend to International Lease Finance Corporation (ILFC), with second round bids for American International Group’s (AIG) aircraft leasing company due in April.

Read more: ILFC US government AIG

Three groups have formed to buy International Lease Finance Corporation, one of the world’s largest aircraft leasing companies, with the second bidding round due around April 8. The two strongest bidders will then enter a third and final round.

The three bidding groups have not been disclosed although one is believed to be led by Carlyle Group. China Investment Corporation is not believed to be leading a consortium but all three groups contain a mixture off...


Quote

“At the current pricing it will become attractive again to issue Ex-Im-guaranteed bonds. This will help stabilize and drive pricing down from where it is now.”

Kostya Zolotusky, managing director, capital markets, Boeing Capital, says about the price of export credit.

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