ILFC Leases Two Boeing 737-800s to Donghai Airlines
March 27 2014 - 1:43PM
Business Wire
Aircraft Represent Airline’s First Passenger
Aircraft in Service
International Lease Finance Corporation (ILFC), a wholly owned
subsidiary of American International Group, Inc. (NYSE: AIG),
announced today that the company has entered into an agreement with
Donghai Airlines Co., Ltd for the lease of two used Boeing 737-800
aircraft, which have already been delivered to the airline.
“ILFC welcomes Donghai Airlines as a new customer and we are
very pleased to provide the airline, which is one of China’s newest
passenger airlines, with its very first 737-800 passenger
aircraft,” said ILFC Executive Vice President and Chief Marketing
Officer Philip G. Scruggs. “We look forward to expanding this new
relationship.”
"We have established a seven-year blueprint. For the next two
years, we plan to add five to six aircraft to our fleet each year.
By 2020, Donghai will have developed on an extraordinary path,”
said Donghai Airlines Chief Executive Officer Guoxin Su, previously
General Manger of China Eastern Airlines (Jiangsu).
The aircraft are powered by CFM engines and their seating
configuration comprises 8 first class and 159 economy class
seats.
About Donghai Airlines
Donghai Airlines Co., Ltd was founded in November 2002 and
operates from its main base located at Shenzhen Bao’an
International Airport in Shenzhen, China. During more than a decade
of operation, the airline has established a number of domestic and
international cargo flight routes, including Hong Kong, Osaka,
Bangkok, Manila and others, which reach almost twenty-five
destinations. With the expansion of its fleet, the airline will
launch passenger service from Shenzhen to Beijing, Shanghai, Xi’an,
Zhengzhou, Chongqing and other domestic destinations. As of 2014,
the airline expects to have 7 Boeing 737-300F and 3 Boeing 737-800
aircraft in operation, with the Boeing 737s serving as the backbone
of its fleet. Donghai Airlines also plans to operate international
routes to Southeast Asia in the upcoming years.
www.donghaiair.com
About ILFC
International Lease Finance Corporation (ILFC) is a global
market leader in the leasing and remarketing of commercial
aircraft. With nearly 1,000 owned and managed aircraft and
commitments to purchase approximately 330 new high-demand,
fuel-efficient aircraft, ILFC is the world's largest independent
aircraft lessor. ILFC has approximately 200 customers in more than
80 countries and provides part-out and engine leasing services
through its subsidiary, AeroTurbine. ILFC operates from offices in
Los Angeles, Amsterdam, Beijing, Dublin, Miami, Seattle, and
Singapore. ILFC is a wholly owned subsidiary of American
International Group, Inc. (AIG). www.ilfc.com | Twitter:
@ILFCGlobal
About AIG
American International Group, Inc. (AIG) is a leading
international insurance organization serving customers in more than
130 countries. AIG companies serve commercial, institutional, and
individual customers through one of the most extensive worldwide
property-casualty networks of any insurer. In addition, AIG
companies are leading providers of life insurance and retirement
services in the United States. AIG common stock is listed on the
New York Stock Exchange and the Tokyo Stock Exchange. Additional
information about AIG can be found at www.aig.com.
ILFCPaul Thibeau, +1 310-788-1999pthibeau@ilfc.com
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