SMBC Aviation Capital Makes Big Bet With Air Lease Corp. Acquisition
Steven Udar-Hazy created his first leasing company, ILFC, in 1973. Now he is selling his second, ALC.
Credit: Simon Dawson/Bloomberg/Getty Images
Steven Udvar-Házy made a big decision in June 1990. He sold International Lease Finance Corp., the aircraft lessor that made him famous in the aviation industry, to American International Group for $1.3 billion but stayed on as CEO. As it turned out, he got the timing right. He sold “15 min. before...
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