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ILFC Holdings reports 2Q12 financial results

By Renaissance Capital,  September 12, 2012, 05:06:01 PM EDT

IPO prospect ILFC Holdings, the world's largest independent aircraft lessor, reported financial results for the second quarter ended June 30, 2012 in an amendment filed with the SEC on Wednesday. Revenues remained stable year-over-year at $1.1 billion in the second quarter despite a slight decrease in rental revenues (-1%), which was offset by an increase in interest revenue and aircraft sales. EBITDA decreased 13% year-over-year in the second quarter primarily due to an increase in depreciation of flight equipment and an increased investment in selling, general and administrative costs.

The Los Angeles, CA-based company, which was founded in 1973 and is currently backed by AIG, plans to list on the NYSE under the symbol ILFC. Citi, J.P. Morgan and Morgan Stanley are the joint bookrunners on the deal. No pricing terms were disclosed.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: News Headlines, IPOs

Referenced Stocks: ILFC



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