Tony Fernandes’s decision to ease growth plans at AirAsia Group is a rare display of caution following his expansion across the continent, as the region absorbs some of the largest aircraft orders of the past decade.
Airplane-leasing billionaire Steven Udvar-Hazy hates to wait. When the chairman and chief executive officer of Air Lease Corp. is ready to take off in his Gulfstream IV jet from Los Angeles’s Van Nuys Airport one August morning, he drives straight up to the plane in his black Volks- wagen Jetta, bounds up the stairway, throws off his suit jacket and hops into the pilot seat.
AerCap Holdings NV’s $5 billion deal last month to buy International Lease Finance Corp. caps a merger trend in the industry and may pave the way for a shift to initial public offerings, according to the man behind the move.
Air Lease Corp. , the jet-leasing company led by Steven Udvar-Hazy , surged 5.5 percent on its first day of trading after raising $802.5 million in the industry’s largest initial public offering in the U.S.
Steven Udvar-Hazy’s Air Lease Corp. may raise $700 million in the industry’s biggest initial public offering as the so-called godfather of aircraft leasing bets his new fleet will command a premium over peers.