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Eznis Airways Receives Its First Boeing 737-700 from ILFC

June 26, 2012 - Los Angeles, United States

International Lease Finance Corporation (ILFC), a wholly owned subsidiary of American International Group, Inc. (NYSE:AIG), announced today that it delivered a Boeing 737-700 aircraft to Eznis Airways, the largest Mongolian privately owned airline.

International Lease Finance Corporation has delivered Eznis Airways First Aircraft for International ...

International Lease Finance Corporation has delivered Eznis Airways First Aircraft for International Service (Photo: Business Wire)

The new aircraft will expand Eznis Airways’ international operations and be used to better serve the country’s rapidly growing air traffic demand. As of the first quarter of 2012, inbound and outbound international traffic in Mongolia has increased by 30% compared to the same period last year.

“The addition of the Boeing 737-700 to our fleet marks an important strategic milestone for Eznis Airways. This new aircraft will allow us to provide quality service on international routes from Ulaanbaatar,” said Munkhsukh Sukhbaatar, Chief Executive Officer of Eznis Airways.

“ILFC is proud to provide Eznis Airways’ first 737 aircraft. This aircraft is clearly an important milestone in the airline's efforts to secure its place as a leading airline in this rapidly growing region and increase its international market share. We look forward to a long and successful business partnership with ILFC's newest customer,” said ILFC Head of Asia-Pacific Dave Nixon.

Eznis Airways currently owns the largest air fleet in the country and the addition of this Boeing-manufactured airplane marks its 7th aircraft. The 737 series is a medium-range twin-engine narrow-body jet airliner and is the best-selling jet airliner in the history of aviation. The aircraft can fly nonstop to Beijing, Seoul, Tokyo and Hong Kong from Ulaanbaatar.

About Eznis Airways

Eznis Airways is the leading Mongolian regional airline with the largest network of domestic destinations within Mongolia, and highest flight frequency on these routes. The airline was established on January 6, 2006 by Newcom Group, one of the largest holding companies of Mongolia. The airline operates domestic scheduled and charter flights to 11 destinations in 9 aimags (provinces) of Mongolia and operates international scheduled service to Hailar in China's Inner Mongolia region and Ulan-Ude in Russian Federation's Buryat Republic, and charter services to points in China, Russia and Kazakhstan.

About ILFC

ILFC is the world’s largest independent aircraft lessor measured by number of owned aircraft. ILFC’s portfolio consists of over 1,000 owned or managed aircraft, as well as commitments to purchase 245 new high- demand, fuel-efficient aircraft and rights to purchase an additional 50 such aircraft.

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.

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CONTACTS : International Lease Finance Corporation Paul Thibeau, +1-310-788-1990

Source: Business Wire India


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