ILFC sells 53 aircraft to Macquarie Group, AerCap released 1Q2010 aircraft portfolio update

Second-tier aircraft lessors are rapidly closing the gap between the established two lessors, ILFC and GECAS. Macquarie Group announced a USD1,987 million acquisition of 53 aircraft from ILFC yesterday, mostly for the popular A320/B737 narrowbodies (more than 70% of the portfolio), with on-order widebodies making up the remainder. ILFC stated the entire portfolio has a book value of USD2,316 million.