Steven Udvar Hazy Quotes
104 Steven Udvar Hazy Quotes
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[On whether he would be interested in buying back ILFC in July 2010 from AIG.] We tried very hard to buy the company back in early 2009. So in the middle of 2009. But I think at that point AIG’s priorities were focused on repaying the government obligations. I think when AIG’s board make a determination with what they want to do with ILFC and the government backs that plan, I think we’re certainly ready to sit down at the table. But at this point the decision making is really in their hands - what their strategic plans are for ILFC.
Steven Udvar Hazy
[In July 2010 on ILFC when he had started Air Lease Corp.] It’s a great company and hopefully we can work together at some point in the future.
Steven Udvar Hazy
[In July 2010] ALC is committed to helping shape the future of the aviation industry.
Steven Udvar Hazy
[April 2011] We have a duty to our shareholders to look at all opportunities. Our primary focus will be organic growth to grow the company.
Steven Udvar Hazy
[On the team at ALC] We have a great team.
Steven Udvar Hazy
We also look at opportunities to potentially look at other fleets of aircraft or other enterprises that may not have the same vision, the same growth path that we have arranged for ourselves.
Steven Udvar Hazy
AIG and the government have to make some long-term strategic decisions. What they want to do with ILFC is something we will have to just wait and see how that evolves.
Steven Udvar Hazy
[In April 2011 on the aircraft leasing market.] The North American industry is quite mature. We have some very well established airlines. But the industry has grown and the rate of growth will be more modest. But if you look at everywhere else in the world, whether it’s Brazil, or China or South East Asia or Eastern Europe – India – We’re seeing double digit growth rates across the full sector. So most of our focus will be on the international segment of the business.
Steven Udvar Hazy
[In August 2011 on ordering 14 Next-Generation 737-800s] This order for Next-Generation 737-800s and 777-300ERS is a key block in the foundation of our growing commercial leasing fleet. With this order, we’ll be able to offer our clients a most economical, fuel-efficient and versatile airplane, suitable for a variety of profitable missions.
Steven Udvar Hazy
[In April 2012] Air Lease Corporation was launched in February 2010 with one simple idea: apply everything we’ve learned from decades in this business and create the world’s premier aircraft lessor from a clean sheet of paper, geared for shareholder returns and the future of the airline industry.
Steven Udvar Hazy
[In April 2012] ALC’s aircraft and fleet strategy has been clear from the beginning – to offer the youngest, most fuel efficient, most environmentally friendly, most widely distributed aircraft available now, and in the future. We believe that this is the main way by which the majority of airlines will optimize their future. We think our view has been validated.
Steven Udvar Hazy
[In April 2012] Volatility is nothing new in the airline industry. Our team has managed through many cycles and industry conditions including aircraft oversupply and undersupply, high interest rates, airline bankruptcies, catastrophic events, pandemic outbreaks, and more. Yet, air transportation has become, and in our view will remain, the world’s form of long-distance mass transportation and an important engine of global commerce.
Steven Udvar Hazy
[In April 2012 on ALC’s team of management and employee shareholders.] Consumed with a passion for this business.
Steven Udvar Hazy
[In April 2012 on ALC] An entrepreneurial culture, the spark of a youthful company, the unbridled enthusiasm of its people, the commitment to deliver superior results, and the unwavering belief in our business that form the core of ALC’s success.
Steven Udvar Hazy
[June 2012] We’re in advanced discussions with Boeing on the 737 Max. We’re trying to pin down some issues such as performance guarantees and economic parameters surrounding the aircraft.
Steven Udvar Hazy
[In June 2012 on potentially how many Boeing 737 Max’s he could be looking at buying.] We’re looking at anywhere from 60 to 100 aircraft.
Steven Udvar Hazy
[On two planes being very similar.] There is a lot of overlap.
Steven Udvar Hazy
[In June 2012] I think airlines are just waiting to see how the A350 program evolves in 2012 and 2013.
Steven Udvar Hazy
Boeing and Airbus are going to ‘duke it out’ which is nice. Airlines will have a choice.
Steven Udvar Hazy
That’s what Airbus is saying officially. Let’s see when it flies.
Steven Udvar Hazy
It’s hard to tell because there’s so many elements coming together.
Steven Udvar Hazy
I think we just have to be patient.
Steven Udvar Hazy
[In July 2012] The 737 Max is an excellent addition to our portfolio and the ideal complement to our growing fleet of Next-Generation 737-800s. The 737 Max represents a step-change improvement that our airline clients need to compete in the future.
Steven Udvar Hazy
I didn’t want to be retired at the beach.
Steven Udvar Hazy
Bonus
Not to put too fine a point on it, but in our industry, Steve Hazy is God.
Edmund Greenslet
[On Steven Hazy] He lives and breathes the industry. When he was dating his wife, Christine, his idea of a exciting date was to go to the end of the runway and tell her about the DC-8 overhead.
John Leahy - Airbus
[On Steve Hazy and the airline industry in March 2008] Steve knows the industry better than anybody I know, and I know virtually everybody in the industry.
John Leahy - Airbus
[On Steven Udvar Hazy] He leads and the market follows. He’s been responsible for commercial aviation trends and what comes off the assembly line.
John Kutler
[On Steven Hazy] One of the most recognized and respected leaders in our industry.
Boeing
[On Steve Hazy in July 2010] He is nothing short of an icon in this industry. As an icon, everyone will be watching him and what he does.
Tom Captain
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