International Lease Finance Corporation (ILFC) is considering US Import-Export (Ex-Im) guarantee financings from next year onwards.
The year 2013 will see a ramp up of new aircraft deliveries at ILFC and the operating lessor may opt for Ex-Im backed transactions as it focuses on a diversification of funding sources.
According to Flightglobal's Ascend Online database, ILFC will receive nine Boeing 737-800s and six 787-8s in 2013, while eight 737-800s, 15 787-8s and two Airbus A350-900s will arrive the year after.
"Our deliveries start to ramp up again next year and we are receiving our first 787s. We are definitely looking at Ex-Im financings. If we use Ex-Im we don't want to do a one-off deal but rather work on the long term because we want to educate partners to the ILFC model," tells Flightglobal senior vice president Treasurer Pam Hendry.
Hendry says ILFC will also continue to look at the capital markets to fund its future growth as well as refinance its existing obligations.
ILFC tapped the capital markets in August and according to senior vice president Treasurer Pam Hendry, the transaction went "very well".
A total of 11 international banks underwrote ILFC's $750 million unsecured debt deal. The notes have a 10 year maturity and priced at 5.875%. This compared with $750 million unsecured notes due 2019 priced at 5.875% in March this year and $650 million 10-year senior unsecured notes at 8.625% issued last December. In March this year ILFC also issued $750 million unsecured notes at 4.875% with a five-year maturity.