The Service of the Commission for the Protection of Competition on the 09th of August 2011 received on behalf of the company International Lease Finance Corporation (California), notification of a proposed concentration according to Article 13 of the Control of Concentrations between Enterprises Law (Number 22(I)/99), concerning an Agreement by which International Lease Finance Corporation (California) will purchase all of the share capital of AuroTurbine, Inc (Delaware).
AuroTurbine, Inc (Delaware) is a company registered under the laws of Delaware, USA. The company operates worldwide in distribution, selling, leasing and exchange of, mainly, repaired aerospace spare parts and repaired aircraft engines in the commercial aviation industry, the U.S Defense Department and other foreign military customers. In addition AuroTurbine, Inc provides maintenance, repair and overhaul services destined to aircrafts.
International Lease Finance Corporation (California) is a company registered under the law of California, USA. The company mainly engages in the acquisition of new passenger aircrafts from Airbus and Boeing for the purpose of renting the aircrafts to airlines worldwide through operating leases, finance leases and other forms of financing. The company also, occasionally, sells aircraft from its leased fleet to rental companies, financial service companies and airlines. In addition, it provides fleet management services to investors and / or owners of aircraft portfolio, as well as, loan guarantees and asset value guarantees to buyers of aircrafts and / or financial institutions.
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