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ILFC to Lease additional Boeing 787-8 aircraft to Aeromexico

30 March 2012

Boeing 787 aircraft

American International's subsidiary International Lease Finance (ILFC) has signed an agreement with Grupo Aeromexico to lease two additional new Boeing 787-8 aircraft, increasing Mexican airline's total aircraft leased from ILFC to five.

Grupo Aeromexico CEO Andres Conesa said the addition of these two Boeing 787 aircraft to the company's current fleet of five, two which were ordered from Boeing and three previously leased from ILFC will support its expansion plan.

"These aircraft will be deployed on our long-haul routes, ultimately replacing 767 aircraft and allowing us to continue providing high-quality service while proudly representing Mexico worldwide," Conesa said.

The two twin aisle Boeing 787-8 Dreamliners are powered by GEnx engines and can cruise at a speed of Mach 0.85 consuming 20% less fuel.

Each of the aircraft can accommodate about 210 to 250 passengers and has a range 7,650 to 8,200nm while having a takeoff weight of about 227,930 kg.

The 787 family Dreamliners will incorporate airplane health-monitoring systems that facilitate them to self-monitor and report systems maintenance requirements to ground-based computer systems.

ILFC said that the aircraft are scheduled for delivery in the first half of 2014.

Grupo Aeromexico operates flights from Mexico City International Airport to different cities in Mexico, US, Canada, Central and South America, and Europe and Asia.

ILFC has commitments to buy 252 new fuel-efficient aircraft as well as rights to purchase an additional 50 such aircraft.

Image: ILFC will deliver the two additional 787 Dreamliners to Grupo Aeromexico by first half of 2014. Photo: Boeing

Press Release
http://www.marketwatch.com/story/ilfc-to-lease-two-additional-b787-8s-to-aeromexico-2012-03-28-131400

Additional Info:
http://www.boeing.com/commercial/787family/787-8prod.html

ILFC to Lease Two Additional B787-8's to Aeromexico
ILFC and Boeing Expand Their Partnership with AMX
28 March 2012
International Lease Finance Corporation (ILFC), a wholly owned subsidiary of American International Group, Inc. AIG +0.10% , announced today it has completed an agreement to expand its partnership with Grupo Aeromexico (mexico:AEROMEX.MX) by adding two additional new Boeing 787-8 aircraft bringing the total leased from ILFC to five.
"The addition of these two Boeing 787 aircraft to our current fleet of five, two which were ordered from Boeing and three previously leased from ILFC, is very positive news for Grupo Aeromexico, as part of our expansion plan to service international markets. These aircraft will be deployed on our long-haul routes, ultimately replacing 767 aircraft and allowing us to continue providing high-quality service while proudly representing Mexico worldwide," said Andres Conesa, CEO of Grupo Aeromexico.
ILFC Chief Executive Officer Henri Courpron commented, "Aeromexico was ILFC's first customer. We appreciate their confidence in ILFC over the last 38 years. This new transaction is a symbol of the important strategic partnership between Aeromexico and ILFC."
The aircraft, equipped with GEnx engines, are scheduled for delivery in the first half of 2014.
About Grupo AeromexicoGrupo Aeromexico, S.A.B. de C.V. is a holding company whose subsidiaries are engaged in commercial aviation in Mexico and the promotion of passenger loyalty programs. It operates a fleet of Boeing 777, 767, and 737 jet airliners and next generation Embraer 145 and 190 models. The Group began a major two-year expansion plan in 2011 that includes the incorporation of 20 new aircraft and properties.
Grupo Aeromexico operates its main hub out of Terminal 2 in the Mexico City International Airport and offers 450 daily flights to different cities in Mexico, the United States, Canada, Central and South America, and Europe and Asia. The Group offers 450 daily flights to different cities in Mexico, the United States, Canada, Central and South America, Europe and Asia.
Aeromexico is a founding member of SkyTeam, the global airline alliance partnering 15 airlines: Aeroflot, Aeromexico, Air Europa, Air France, Alitalia, China Airlines, China Eastern, China Southern, CSA Czech Airlines, Delta Air Lines, KLM Royal Dutch Airlines, Kenya Airways, Korean Air, TAROM Romanian Air Transport, and Vietnam Airlines. SkyTeam offers all partner airline passengers a large global network of destinations and frequencies, and great connectivity. Passengers earn and redeem miles through the different airline partners' loyalty programs and enjoy SkyTeam's 465 airport lounges around the world. SkyTeam offers its 474 million annual passengers more than 14,000 daily flights to 921 destinations in 168 countries across the globe. www.skyteam.com
About ILFCILFC is the world's largest independent aircraft lessor measured by number of owned aircraft. ILFC's portfolio consists of over 1,000 owned or managed aircraft, as well as commitments to purchase 252 new high-demand, fuel-efficient aircraft and rights to purchase an additional 50 such aircraft. www.ilfc.com