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CAPA Live: Air Lease Executive Chairman Steven Udvar-Házy

CAPA Live: Air Lease Executive Chairman Steven Udvar-Házy
centreforaviation.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from centreforaviation.com Daily Mail and Mail on Sunday newspapers.

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New aircraft deals hint at tenuous recovery: Air Lease

By Cirium2021-03-17T08:42:00+00:00
Airlines have begun making new deals for aircraft or reactivating purchase options to increase fleet capacity amid optimism that vaccination could begin a recovery in air travel, Air Lease executives opined.
The Los Angeles-based lessor this week received a call from an undisclosed US airline “asking for an incremental new plane to be leased to them next year” rather than adding capacity by extending leases, Air Lease chief executive John Plueger said during the JP Morgan Industrials Conference, held virtually on 16 March.
Source: BillyPix
Steve Udvar-Hazy, Air Lease chairman
“That was the first time this year we’ve had a domestic carrier tell us their fleet plan was perhaps too conservative for 2022,” he says. ....

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Aircraft Leasing Has a New Godfather With AerCap Pouncing on GE

Aircraft Leasing Has a New Godfather With AerCap Pouncing on GE
Bloomberg
3/11/2021
(Bloomberg) Aengus Kelly knows a bargain when he sees one.
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The chief executive officer of aircraft leasing company AerCap Holdings NV made his most audacious move yet in a career spanning more than two decades, when Kelly agreed on March 10 to buy General Electric Co.’s jet-leasing business.
The deal doubles the size of his company, already the world’s largest aircraft lessor, by relying on a familiar playbook: pry a valuable financial asset from an owner with little use for it anymore or a desire to minimize financial risk. ....

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