The Aeronautical Repair Station Association is teaming with the Aircraft Maintenance Technicians Association (AMTA) to honor the first aviation technician, Charles E. “Charlie” Taylor, with an inscription on the Wall of Honor at the Smithsonian’s Steven F. Udvar-Hazy Center at Dulles Airport in Virginia.
Steven F. Udvar-Házy
The trend over the last few years in which customers have placed extremely large orders for airliners has raised questions about the underlying reasons and its potential effect on OEMs that continue to raise production rates in response. The practice seems most prevalent among customers for narrowbodies, prompting both Boeing and Airbus to project rate increases to well beyond 40 in the coming years and raising concerns within some circles of a so-called bubble in the sector.
Air Lease Corp. (ALC) opened the sales race between the world’s big commercial airframe makers here yesterday with a firm order for 75 Boeing CFM Leap-1B-powered 737 MAXs. The contract, valued at $7.2 billion at list prices, calls for delivery, first, of sixty 737 MAX 8s, followed by deliveries of fifteen 737 MAX 9s, which would run through 2022.
Steven Udvar-Hazy’s Air Lease Corporation (ALC) attributes a trade secrets lawsuit filed against it on April 24 by American International Group and its subsidiary, International Lease Finance Corp., to what it characterizes as ILFC’s inability to compete effectively and its perception of Air Lease as a “growing threat.”
The four panelists participating in the last session held at the March 19 to 20 International Society of Transport Aircraft Traders (ISTAT) conference in Scottsdale, Ariz., reacted to what CIT Group Transportation Finance president and panel moderator Jeffrey Knittel called the “mega order syndrome” with mixed but carefully considered opinions, while most attendees appeared concerned about a
Bombardier Aerospace named Michele (Mike) Arcamone president of Bombardier Commercial Aircraft, effective February 1. Arcamone succeeds Gary Scott, who retired on Oct. 1, 2011, after citing family responsibilities. However, Scott had drawn some criticism from the likes of Air Lease CEO Steven Udvar-Hazy for slow sales of the new C Series narrowbody.
ATR has revealed another of its previously undisclosed customers–Nordic Aviation Capital (NAC). Yesterday at the Paris Air Show the Danish lessor and aircraft trading company placed a firm order, valued at $450 million, for 10 ATR 72-600s, with 10 options for more.
The world’s aircraft leasing industry appears to have weathered the proverbial storm of the global recession and now looks well positioned to exploit aircraft placement opportunities in markets such as China, in particular. However, such opportunities won’t come without their challenges, according to some of the leasing company bosses who appeared at this spring’s International Society of Transport Aircraft Traders (ISTAT) conference.
Airliner leasing pioneer Steven Udvar-Hazy is back in business with a vengeance. Barely six months after leaving the ILFC group that he founded back in 1973, following a failed bid to take control of a stake in the company from its troubled AIG parent, Udvar-Hazy's new Air Lease venture gave the industry a welcome shot in the arm by ordering about $10 billion worth of aircraft at July's Farnborough International Airshow.
Aircraft leasing magnate Steven Udvar-Hazy will be awarded this year’s Wright Brothers Memorial Trophy, for “innovative aerospace business practices, improved aircraft design, piloting skills and selfless philanthropy, ensuring preservation of our aerospace history.” Udvar-Hazy’s multimillion-dollar donation allowed the construction of the National Air and Space Museum’s annex at Dulles Airport.
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