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How I Built This with Guy Raz

Air Lease Corporation: Steven Udvar-Hazy

Sep 4, 2023
01:06:56
Snipd AI
Steven Udvar-Hazy, founder of Air Lease Corporation, shares his journey from escaping communist Hungary to becoming an aviation entrepreneur. He discusses starting his own leasing company, the growth of Air Lease Corporation, and the impact of the 2008 financial crisis. The episode also highlights his philanthropic donation and his passion for nurturing young people's interest in aviation.
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Podcast summary created with Snipd AI

Quick takeaways

  • Steven Udvar-Hazy started as an airline consultant before starting his own leasing company, Air Lease Corporation.
  • ILFC's acquisition by AIG resulted in better financing options and financial gains for ILFC's leadership.

Deep dives

Expansion in the airline industry

During the 1970s and 1980s, International Lease Finance Corporation (ILFC) experienced significant growth in the airline industry. They began by buying and leasing planes to various airlines, and eventually expanded their fleet through bulk purchases of new and used aircraft.

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