Boeing Co. was cleared by U.S. regulators to test its proposed redesign of the 787 Dreamliner’s battery systems, the first step toward resuming service of a plane grounded worldwide for almost two months.
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.
Steven Udvar-Hazy, who left International Lease Finance Corp. in February, said he is seeking capital for a “huge” new aircraft lessor, Air Lease Corp., that he’s founding with former colleague John Plueger.
Airbus SAS reached a goal of topping 500 orders for its upgraded A320neo aircraft by the end of the Paris Air Show on the second day of the event as carriers put pressure on Boeing Co. to respond with an all-new airliner.