ILFC boss forecasts airframe production cuts International Lease Finance Corp (ILFC) chairman and CEO Steven Udvar-Hazy has projected that both Airbus and Boeing will cut production over the next two years by as much as 30-35 per cent. Airbus currently plans to produce close to 500 aircraft this year, while Boeing's target is 480-485 units, but just last week Airbus revealed that it had 12 order cancellations in January - three A318s, two A319s, three A320s and four A321s - while booking just … [Read more...] about ILFC boss forecasts airframe production cuts
Steven Udvar-Hazy
Americas: Udvar-Hazy may buy back ILFC from AIG
International Lease Finance Corp. - aircraft lessor and the largest single customer of both Boeing and Airbus - chairman and CEO Steven Udvar-Hazy is reportedly attempting to line up investors to buy back the company from parent American International Group (AIG), which purchased it in 1990, according to the Wall Street Journal. ILFC, founded by Udvar-Hazy and Leslie and Louis Gonda in 1973, is a bright spot in troubled AIG's portfolio. While the company as a whole nearly collapsed before … [Read more...] about Americas: Udvar-Hazy may buy back ILFC from AIG
