ILFC Leases Two Boeing 737-800s to Donghai Airlines

  ILFC Leases Two Boeing 737-800s to Donghai Airlines

       Aircraft Represent Airline’s First Passenger Aircraft in Service

Business Wire

LOS ANGELES -- March 27, 2014

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.

Contact:

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