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ILFC Delivers Airbus A320 to Myanmar Airways International

  ILFC Delivers Airbus A320 to Myanmar Airways International

Business Wire

LOS ANGELES -- October 30, 2012

International Lease Finance Corporation (ILFC), a wholly owned subsidiary of
American International Group, Inc. (NYSE: AIG), announced today that it has
delivered an Airbus A320-200 aircraft to Myanmar Airways International (MAI).
This A320 is the first commercial jet aircraft of its type to be provided on
an operating lease to an airline in Myanmar by a global aircraft leasing
company.

“ILFC is very pleased to be the first international leasing company to lease
an A320 in Myanmar. We look forward to supporting MAI’s growth and that of the
aviation industry in Myanmar,” said ILFC’s Head of Asia Pacific, David Nixon.
“ILFC believes MAI will succeed on their plan to offer the region a preferred
premium carrier. The A320 delivered to MAI will modernize and expand MAI’s
current A320 fleet and offer increased takeoff weight, greater range and
improved fuel economy.”

Si Thu, Managing Director and Chief Executive Officer of Myanmar Airways
International, commented, “ILFC is one of the best brands in aviation,
providing advanced total aircraft fleet solutions to its global partners. ILFC
is the right partner for MAI, and the timing of this first ILFC A320 aircraft
delivery to our airline will help us expand our fleet and extend our routes in
this new era in Myanmar.”

The A320 single-aisle jetliner is the best-selling aircraft product line of
all time. It is used in a full range of services from very short-haul airline
routes to intercontinental segments. The aircraft is best known as the first
airliner to introduce a fly-by-wire flight control system.

About Myanmar Airways International (MAI)

Launched in 1993, MAI is the first joint venture airline between the
government and the private sector in Myanmar (20% owned by the government
through Myanmar Airways and 80% by Kanbawza Group). MAI is the international
airline of Myanmar with regular flights between Yangon (commercial capital of
Myanmar), Singapore, Kuala Lumpur, Bangkok, Gaya and Guangzhou. In 2012, MAI
will initiate its capacity expansion in the region with flights to Cambodia
and Hong Kong. MAI operates six Airbus A320 with maintenance agreements in
place with Sepang Aircraft Engineering (an EADS Company) and Air France
Industries. ILFC’s A320 will be the seventh A320 in its fleet. MAI is
currently in discussion with airframe manufacturers to modernize its fleet
with either A320NEOs or 737MAX. www.maiair.com

About ILFC

ILFC 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 239 new high-demand,
fuel-efficient aircraft and rights to purchase an additional 50 of such
aircraft. www.ilfc.com

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. www.aig.com

Contact:

ILFC
Paul Thibeau, +1 310-788-1999
pthibeau@ilfc.com
 
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