ILFC will lease Virgin Australia five new Boeing 737-800s

International Lease Finance Corporation (ILFC), a wholly owned subsidiary of American International Group, Inc. (NYSE: AIG), announced today it has completed an agreement to purchase and leaseback five new Boeing 737-800 aircraft to Virgin Australia.

ILFC Executive Vice President and Chief Marketing Officer Philip Scruggs commented, "ILFC is proud to be working with Virgin Australia in acquiring these five new aircraft which will support Virgin Australia's fleet upgrade. The Boeing 737-800 aircraft is known for its reliability, fuel efficiency and flexibility over a variety of short and medium range markets which will serve the airline well."

The new aircraft which are targeted to be delivered in 2012 and 2013 will be purchased by ILFC and then leased to Virgin Australia. Virgin Australia currently operates a fleet of 64 Boeing 737NG, 5 Boeing 777-300ER, 20 Embraer E-Jet and 2 Airbus A330 aircraft.