Air Lease News
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Boeing Co. took a direct swipe at the Airbus SAS A350 by stretching its Dreamliner, leaving the European rival to show it can hold its ground in the market for wide-body aircraft.
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Boeing Co. said its stretched 787 Dreamliner promises to match sales of the smallest variant, boosting the plane’s order tally as much as 60 percent, as it expanded its wide-body lineup to blunt an Airbus SAS challenge.
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Steven Udvar-Hazy, the self- proclaimed godfather of aircraft leasing, said Boeing Co.’s stretched Dreamliner has better fuel economy over Airbus SAS’s A350-900, making the new 787 attractive to airlines.
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Airbus SAS, Boeing Co. and Embraer SA won $19 billion in orders from lessors on the first day of the Paris Air Show, gaining support for some of the newest and largest planes from buyers spanning the global airline industry.
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American International Group Inc. said it is open to new offers for its plane-leasing business and may pursue a public offering of the unit after a group of Chinese investors missed another deadline to buy the operation.
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Air Lease Corp., the jet-leasing company run by billionaire Steven Udvar-Hazy, obtained a $1.7 billion credit line at a lower rate than it was paying on a smaller facility.
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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.
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State-owned carrier will lease two 777-300ER planes from Los Angeles-based Air Lease for 12 years, co. says in e-mail. * Aircraft to be delivered in May and June 2015 NOTE: Air Lease has 155 aircraft, most <5 yrs old
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U.S. stocks advanced, as the Standard & Poor’s 500 Index rallied for a third straight week, on optimism that the U.S. economy is improving amid central-bank monetary stimulus.
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Steven Udvar-Hazy’s Air Lease Corp. agreed to buy 10 Boeing Co. 777 jetliners, with a catalog value of $3.2 billion, to expand its fleet of long-haul jets.
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