This time, it’s International Lease Finance Corp. (IFLC), the largest aircraft leasing operation in the world, which was fabulously profitable when they bought it from Stephen Udvar-Hazy in 1990, and it looks like they are angling for a government bailout, at that’s the subtext that I read into the article.
Isn’t the idea of successes in their own financial niche moving into areas in which they have no clue such a wonderful idea?