Skift Take
Aircraft leasing, which gave airlines a new way to finance planes, has largely been the brainchild of Udvar-Hazy.
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Aircraft leasing opened up a whole new world for the airline industry, and it came from one of the most innovative minds in the business: Steven Udvar-Hazy, the executive chairman and founder of Air Lease and International Lease Finance Corporation.
Through leasing, airlines that couldn’t afford to buy jets could now operate them in a more affordable way.
“Many airlines around the world owe their existence