ILFC Holdings, the world's largest independent aircraft lessor, withdrew its plans for an initial public offering on Thursday as AerCap completed its acquisition of ILFC. The deal was announced in December, with AerCap paying AIG $3 billion in cash and 98 million shares of AerCap. The value of AerCap's stock has nearly doubled since that announcement, bringing the total deal size to about $7.6 billion.
The Los Angeles, CA-based company was founded in 1973 and booked $4.3 billion in sales for the 12 months ended September 30, 2013. Citi, J.P. Morgan and Morgan Stanley were set to be the joint bookrunners on the deal.
