AerCap deal nets 1,000 aircraft fleet

The ESB purchase of ILFC by Irish-led AerCap is one of Ireland's biggest corporate deals in 2013, writes Joe Gill.

22nd December, 2013
Up, up and away: the ILFC deal has cost AerCap $3 billion in cash and a 46 per cent equity stake. Picture: Thinkstock

Seismic is an appropriate word to describe the purchase of ILFC by AerCap in the aircraft leasing industry this week. It also, once again, underscores the pivotal position that Ireland occupies in the dynamic and fast-moving aviation finance sector worldwide.

ILFC (International Lease Finance Corporation) was established by the doyen of the air finance industry, Steven Udvar-Hazy, in 1973. He built it into the largest aircraft leasing company globally through the 1970s, as it competed...

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