ILFC sale remains on track

The ILFC purchase from AIG is still expected to close in Q2, says AerCap Holdings (AER -1.9%) in its Q4 earnings release. AIG will be an owner of 46% of AerCap after the transaction and will continue to report ILFC results on its books.

AerCap adjusted EPS of $0.66 in Q4 gained 16% from a year ago, and full year adjusted EPS of $2.64 rose 35% from 2012.

For 2013, the company purchased 38 aircraft for $1.8B. Committed future purchases as of the end of they ear are 44 aircraft for $3.5B. All committed purchases are on long-term leases with an average term of 11.8 years.

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Comments (1)
  • ComputerBlue
    , contributor
    Comments (1408) | Send Message
    I'm a buyer of AER...I'll sell awhile after AIG does and get the benefits x2.
    20 Feb 2014, 12:11 PM Reply Like
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