Co-founder of International Lease Finance Corp. looks to start another leasing company
By Joshua Freed, APThursday, July 15, 2010
Founder of ILFC starts another aircraft lessor
Steven Udvar-Hazy already started one big aircraft leasing company. Now he’s looking to do it again.
Udvar-Hazy retired from International Lease Finance Corp. in February. On Thursday he said he’s forming a new company, to be called Air Lease Corp. He said he’s lined up $1.3 billion in equity and plans to have 100 aircraft in his fleet by next spring.
Udvar-Hazy is considered the father of the airline leasing business. He was a founder of ILFC 37 years ago. The insurer AIG bought it in 1990, but Udvar-Hazy continued to run it. He tried to buy it back from AIG, but the deal never happened.
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