A showdown between two titans of the aircraft leasing business is under way in the Superior Court of California for Los Angeles County, as American International Group (AIG), parent of International Lease Finance Corp., takes on Air Lease Corp., the operating lessor founded by Steven Udvar-Hazy after he left ILFC in 2010. “This suit is a case about theft of a business,” joint plaintiffs AIG and ILFC claim in the court complaint. The suit alleges that Udvar-Hazy was working to set up ALC ...
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