AerCap Holdings N.V. To Pay $5.4 Billion For The Company
American International Group has entered into an agreement under which AIG will sell its 100 percent interest in International Lease Finance Corporation (ILFC), a non-core asset, to AerCap Holdings N.V. Total consideration for the transaction, consisting of $3.0 billion of cash and 97,560,976 newly issued AerCap common shares, has a value of approximately $5.4 billion based on AerCap’s closing price per share of $24.93 on December 13, 2013.
Ratification Vote Expected In Mid-February Next Year
Alaska Airlines and the Association of Flight Attendants have reached tentative agreement on a new five-year contract for the carrier's 3,300 flight attendants.
International Lease Finance Corporation (ILFC) has reached an agreement with French Caribbean carrier Air Caraïbes Atlantique Airlines to lease three new Airbus A350XWB-900s. The aircraft have an anticipated delivery timeline between 2016 and 2018, and will be operated on the airline’s long-haul route network.
New Paint Hangar And Additional Land Purchase Confirm Boeing's Long-Term Commitment To South Carolina
Boeing plans to begin construction in the second half of 2014 on a new paint facility on its main campus in North Charleston, S.C. The company expects to begin painting fully assembled 787 Dreamliners in South Carolina in mid-2016.
Says Airlines Well Prepared To Meet Increased Travel Demand
Airline industry trade organization Airlines for America (A4A) has released its 2013-2014 Winter Holiday Air Travel Forecast, projecting 44.3 million customers will fly on U.S. airlines during the 21-day period from Monday, Dec. 16 through Sunday, Jan. 5, an increase of approximately 2 percent or 41,000 daily travelers. Last year, 43.4 million customers were estimated to have traveled by air.
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