I used to work for GE, and while ILFC is the largest lessor of late, AS used to could claim at one time over 40% of the financned planes in the air. The trick is that ILFC leases, GECAS does many more creative structured finance deals where they may not retain ownership, but have similar rights to assets. And the irony is that ILFC in all likelihood works with GE Capital (albeit a different part of GE Capital) to finance their own operations, so indirectly, GE Capital (& AS) "owns" more planes than anyone else. .. On Saturday, February 1, 2003, at 12:24 AM, Bahadir Acuner wrote: > ILFC is > Largest aircraft lessor in the world measured by fleet value > Largest lessor of new aircraft in the world > Largest widebody aircraft lessor in the world > > according to their website. > > BAHA ACUNER - CFI,CFII,MEI > > www.bahadiracuner.com > www.acuwings.com > > -----Original Message----- > From: The Airline List [mailto:AIRLINE@LISTSERV.CUNY.EDU]On Behalf Of > Douglas Schnell > Sent: Friday, January 31, 2003 7:13 PM > To: AIRLINE@LISTSERV.CUNY.EDU > Subject: Re: ILFC Seizes Varig 777 in CDG > > > ILFC the biggest game? Sorry, Baha, that honor belongs to GECAS (GE > Capital Aviation Services). > > -----Original Message----- > From: The Airline List [mailto:AIRLINE@LISTSERV.CUNY.EDU] On Behalf Of > Bahadir Acuner > Sent: Friday, January 31, 2003 12:11 AM > To: AIRLINE@LISTSERV.CUNY.EDU > Subject: Re: ILFC Seizes Varig 777 in CDG > > > Bryant, > I am sure being the biggest game in the aircraft leasing biz, they have > their own pilots just for deliveries, tests and repos. > > BAHA ACUNER - CFI,CFII,MEI > > www.bahadiracuner.com > www.acuwings.com > > -----Original Message----- > From: The Airline List [mailto:AIRLINE@LISTSERV.CUNY.EDU]On Behalf Of > Bryant Petitt > Sent: Thursday, January 30, 2003 6:25 PM > To: AIRLINE@LISTSERV.CUNY.EDU > Subject: Re: ILFC Seizes Varig 777 in CDG > > > .....Wonder if their is a market for Airline "Repo > Guys" like you see on TV for the Automobile "Repo > Guys"..... > > H'mm, with the state of the Airlines, the (airline) > Repo biz could be something profitable, just a bit > more complicated, since you can't just hook up a > wrecker to a 777 and tow it to parts unknown..... > > Bryant Petitt > Cumming, GA > > --- "Michael A. Burris" <yul@prodigy.net> wrote: >> AIRLINE: >> >> I imagine this was terribly embarrasing for the >> airline. I recall an incident like this happening >> to >> Aeroflot and like them, I'm sure the leasing company contracted a >> third party agent, as well as an attorney, presented the necessary >> paperwork to the Varig office in Paris and then, got a handler who >> probably made sure the aircraft was empty, hooked it >> up and pushed it out to some storage area until the >> appropriate monies are paid. Correct? >> >> Mike Burris >> Cambridge, Massachusetts >> >> >> -- Brian Rynott <latinaviation@hotmail.com> wrote: >>> Brazil Varig says leasing firm seizes jet in Paris >>> Thursday January 30, 2:14 pm ET >>> >>> >>> SAO PAULO, Brazil, Jan 30 (Reuters) - Brazil's >>> beleaguered flagship airline >>> Varig (Sao Paolo:VAGV4.SA - News) on Thursday said International >>> Leasing Finance Corporation (ILFC), owned by U.S. insurer >>> AIG (NYSE:AIG - News), had >>> seized a Boeing 777 in Paris that the carrier was >>> leasing. >>> >>> It is the first plane operated by Latin America's >>> largest airline to be >>> seized by a leasing company and comes as the >>> lossmaking 75-year-old carrier >>> struggles to pay off its big debts amid a slump in >>> the global aviation >>> industry. >>> >>> "The only thing that I can confirm is that there >> was >>> a seizure of a plane," >>> said Sylvia Leccia, from Varig's press and >> marketing >>> department in Paris. >>> >>> "As you know Varig is a serious company that has >>> been around for 75 years," >>> she said. "It's clear we are in the storm like all airlines, but >>> that we have always honored our debts." >>> >>> She said Varig's head office, whose press >> department >>> also confirmed the >>> seizure, was currently negotiating with >>> representatives of the ILFC over the >>> plane in Charles de Gaulle airport. >>> >>> A Varig spokesperson in Brazil said passengers' >>> travel plans would not be >>> affected by the seizure and they would continue on >>> their journeys on another >>> aircraft. >>> >>> The jet, a 220-passenger Boeing 777, flies the >> Porto >>> Alegre, Sao Paulo, >>> Paris, Amsterdam route, and had been leased since >>> 2001, Varig said. >>> >>> Varig has suffered along with other Brazilian >>> airlines in the last year as >>> the Sept. 11 attacks and an economic slump hit >>> demand for flights, while a >>> slump in Brazil's currency magnified its >>> dollar-denominated fuel and jet >>> leasing costs. >>> > > > __________________________________________________ > Do you Yahoo!? > Yahoo! Mail Plus - Powerful. Affordable. Sign up now. > http://mailplus.yahoo.com >