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Father and son team Leslie Gonda and Louis L. Gonda founded ILFC in 1973 along with Steven F. Udvar-Házy. [citation needed] The company was acquired by international insurance giant American International Group (AIG) in 1990, although the unit was still run by Udvar-Hazy until he retired in February 2010, when he was succeeded by vice-chairman Alan Lund.
Boeing Capital was incorporated in 1968 as McDonnell Douglas Finance, [citation needed] but this name was changed to Boeing Capital in 1997, when Boeing merged with the McDonnell Douglas Corporation. [4] [5] The subsidiary is known as a worldwide provider of financial services, but primarily supports its parent corporation. [6]
US leveraged lease: Used by foreign airlines importing aircraft from the United States. In a US lease, a Foreign Sales Corporation (FSC) purchases and leases the aircraft, and is tax-exempt so long as at least 50% of the aircraft is made in the US, and at least 50% of its flight miles are flown outside the US.
More than 100,000 aerospace jobs have been lost in an industry that had employed about 2.2 million people, according to the Transportation Department. US will give aircraft companies $482 million ...
GECAS (GE Capital Aviation Services) was an Irish–American commercial aviation financing and leasing company. AerCap acquired the company from GE Capital on November 1, 2021. [1] GECAS was the largest commercial airline leasing/financing company in the world by number of aircraft. [2]
The State Department Air Wing (DoSAW), formally the Bureau of International Narcotics and Law Enforcement Affairs Office of Aviation (INL Air Wing or INL/A) is an office of the United States Department of State that supports diplomatic aviation needs falling outside the legal authority or scope of the U.S. Air Force. [3] [4]
Under the LIFT division, GA Telesis additionally operates HALO Air Finance, a joint venture with Tokyo Century Corporation and Inter-Vest Capital Partners. Formed in 2023, HALO's first major financing deal was a lease to Nauru Airlines of a Boeing 737-800 freighter converted from a former passenger aircraft. [ 36 ]
The assistant secretary has responsibility for licensing of U.S. and foreign airlines and for formulating U.S. international aviation policy. The Assistant Secretary is also responsible for the administration of the Department of Transportation's economic policies and programs designed to promote access to, competition in, and the health of the U.S. aviation system.
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