February 4, 2013 |
Air Lease Corp., the Century City aircraft-leasing firm, has placed an order for $9-billion worth of jetliners with Airbus. The deal, based on aircraft list price, includes an order for 25 A350 XWBs, which is a competitor to Boeing Co.'s grounded 787 Dreamliner. Air Lease also firmed up an order to buy 14 A321neos. Airbus announced the deal Monday. "The A350 XWB Family is becoming the industry benchmark for efficiency in the long haul segment, and the A320neo Family is ideal for airlines operating short to medium haul missions,” Air Lease Corp.
February 5, 2010 |
International Lease Finance Corp. said late Thursday that Steven Udvar-Hazy, 63, who co-founded the Century City aircraft leasing company and built it into one of the world's largest, was retiring as its director and chief executive. President John Plueger will succeed Udvar-Hazy as acting chief executive. Udvar-Hazy's departure was widely expected after he stepped down as chairman in December. william.hennigan@ latimes.com
July 16, 2010 |
Aircraft leasing pioneer Steven Udvar-Hazy disclosed Thursday the formation of Air Lease Corp., a new Century City-based jet leasing venture. According to a release, Air Lease Corp., or ALC, has secured $3.3 billion in financing and plans to buy more than 100 commercial planes by spring of next year. "ALC is committed to helping shape the future of the aviation industry," Udvar-Hazy said in a statement. "We look forward to working with the leading global airlines as they modernize their fleets."
April 5, 2011 |
Air Lease Corp., the Century City aircraft leasing company started last year by Los Angeles billionaire Steven Udvar-Hazy, said it planned to raise as much as $805 million in its initial public offering. The company, which buys passenger planes and rents them to airlines, said in January that it was planning an IPO. At that point ALC said it wanted to raise $100 million. The company said it would use the money to fund its acquisition of commercial aircraft and for general corporate purposes.
July 21, 2010 |
Los Angeles Times Steven Udvar-Hazy continued his buying spree at Farnborough International Airshow in England on Tuesday, announcing another multibillion-dollar deal to purchase more than 50 airliners through his new start-up, Century City-based Air Lease Corp., or ALC. A day after announcing he was buying 51 A320-family airliners from European aircraft manufacturer Airbus, Los Angeles billionaire Udvar-Hazy struck a deal for 54 of the popular 737 commercial jets from Chicago-based Boeing Co. — potentially worth about $4.5 billion based on the plane's list price.
July 20, 2010 |
Just days after officially announcing his return to the aircraft leasing business he pioneered, Steven Udvar-Hazy took center stage at one of the world's premier air shows to reveal he had signed a multibillion-dollar deal to buy 51 Airbus airliners. Monday's blockbuster purchase, potentially worth $4.4 billion based on the plane's list price, signaled to the aviation industry that Udvar-Hazy was back in a big way. Just six months earlier, the Los Angeles billionaire had retired from Century City's International Lease Finance Corp.