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ILFC LEASES THIRTY (30) JET AIRCRAFT TO NINE AIRLINES

 CENTURY CITY, Calif., Jan. 20 /PRNewswire/ - International Lease Finance Corporation (ILFC), a wholly owned subsidiary of American International Group, Inc. (NYSE: AIG), today announced the lease placement of thirty (30) jet aircraft to nine airlines. The thirty aircraft are valued at $705 million, including spare parts. Three of the nine airlines, China Southwest, LACSA and British Air Ferries, are new ILFC customers.
 The leases are contracted with the following airlines:
 BRITANNIA AIRWAYS, Britain's second largest airline, based in Luton, England, has leased three new B-757-204ER aircraft on five and six year leases for deliveries in February, March and May of 1994. Britannia also leased one used B-757-200ER for six years from February 1993. All four B-757's have 235 seats and are powered by Rolls Royce 535-E-4 engines.
 CHINA SOUTHWEST AIRLINES, Chengdu, China, has leased four new Boeing 737-300's from ILFC on seven year leases. Deliveries are February through November 1993. This is ILFC's first lease transaction in China.
 MONARCH AIRLINES LTD, based in the United Kingdom, leased three Airbus A-320-200 aircraft powered by CFM-56-5 engines with deliveries scheduled for January 1993, October 1993 and March 1994. These aircraft seat 179 passengers for European international operations. The leases have three year terms with extensions. One of the A-320's was formerly leased to Canadian Airlines International.
 DRAGONAIR, based in Hong Kong, has leased a new Airbus A-320-200 aircraft, Dragonair's sixth A-320 from ILFC. The lease period is five years from December 1993, with extension options. This 154 seat A-320 will be powered by V-2500 engines. Dragonair is an affiliate of Cathay Pacific Airways.
 LACSA, the national airline of Costa Rica, leased three used 125 passenger Boeing 737-200A aircraft for three years. First delivery taken in November 1992, with the second aircraft scheduled in June and the third in October 1993. The aircraft have Pratt & Whitney JT8D-15 engines. Two aircraft are ILFC's and the third is subleased form Braathens S.A.F.E., Norway.
 AVIATECA, the national airline of Guatemala, based in Guatemala City, leased a Boeing 737-300 cargo jet for delivery in January 1993 from ILFC for two years with extension options. The aircraft has a payload of 20 tons cargo and is powered by CFM-56-3B-2 engines, and will be used as an all cargo 737-300 linking Central America and the U.S.
 BRITISH AIR FERRIES, headquartered in Southend, England, has leased eleven used BAC-111-500's from ILFC to replace older turboprop aircraft. Deliveries were made in January 1993. These 109 seat jets are powered by Rolls Royce Spey engines. ILFC acquired these aircraft in a transaction with British Airways and Dan Air as a trade-in for new B-737-400's leased to British Airways.
 MORRIS AIR, Salt lake City, Utah, leased one used B-737-300 from ILFC for delivery in December 1992. The 148 seat aircraft was formerly leased to Britannia Airways in England.
 TACA INTERNATIONAL, El Salvador, committed to lease a used B-767-200ER from ILFC for four years and a new B-737-300 for three years. The 767-200ER is General Electric CF-6-80A-2 powered, the new 737-300 is CFM-56-3C powered.
 ILFC is the international market leader in the leasing and remarketing of advanced technology commercial jet aircraft to airlines around the world. ILFC owns a jet portfolio valued at more that $7 billion, consisting of approximately 200 aircraft.
 AIG is the leading U.S.-based international insurance organization and the largest underwriter of commercial and industrial insurance in the United States. Its member companies write property, casualty, marine, life and financial services insurance in approximately 130 countries and jurisdictions, and are engaged in a range of financial services businesses. American International Group, Inc.'s common stock is listed on the New York Stock Exchange, as well as the stock exchanges in London, Paris, Switzerland and Tokyo.
 TRANSACTION SUMMARY
 LESSEE NO. OF AIRCRAFT AND TYPE VALUE IN MILLIONS
 Including Engines
 and Spares
 Britannia Airways 3 New B-757-204ER
 1 Used B-757-200ER $205
 China Southwest
 Airlines 4 New B-737-300 $130
 Monarch Airlines 2 New Airbus A-320-200
 1 Used Airbus A-320-200 $156
 Dragonair 1 New Airbus A-320-200 $39
 Lacsa 3 Used B-737-200A $30
 Aviateca 1 Used B-737-300 CARGO $25
 British Air Ferries 11 Used BAC-111-500s $12
 Morris Air 1 Used B-737-300 $24
 Taca 1 Used 767-200ER
 1 New 737-300 $84
 TOTAL $705
 -0- 1/20/93
 /CONTACT: Steven F. Udvar-Hazy, President & CEO of ILFC, 310-788-1999, or Joe Norton, Director of Public Relations of AIG, 212-770-3144/
 (AIG)


CO: International Lease Finance Corporation ST: California IN: AIR SU:

SB -- NY060 -- 6975 01/20/93 14:30 EST
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Date:Jan 20, 1993
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