Steven Udvar Hazy Quotes
104 Steven Udvar Hazy Quotes (Steven Ferencz Udvar-Hazy, International Lease Finance Corporation, ILFC Quotes, Air Lease Corp, ALC Quotes, Steven F. Udvar-Hazy Center)
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[In July 2010 at age 64 setting up a new company Air Lease Corp.] Three hours into retirement, I was restless. I just decided that I didn’t want to be retired at the beach.
Steven Udvar Hazy
Some people play golf, I come to work.
Steven Udvar Hazy
I always associated planes with escape and freedom…
Steven Udvar Hazy
An airplane rising into the sky is the hope…
Steven Udvar Hazy
[On donating $60 million in October 1999 (later increased to $65 million) to the Smithsonian for the Steven F. Udvar-Hazy Center] It properly mirrors my love for aviation.
Steven Udvar Hazy
Volatility is nothing new in the airline industry.
Steven Udvar Hazy
It’s nice to work from a blank sheet of paper.
Steven Udvar Hazy
I love aviation…
Steven Udvar Hazy
One thing is to reach a deal. It’s another to close the deal.
Steven Udvar Hazy
[In February 2009] Airlines are focused on survival, not ordering planes.
Steven Udvar Hazy
[In June 2012 on Boeing and Airbus wanting to outdo each other.] I think it’s a cat and mouse game.
Steven Udvar Hazy
[In March 2008] The aircraft lease is just a medium through which we can build airlines.
Steven Udvar Hazy
There are always people who are willing to do foolish things.
Steven Udvar Hazy
For a lot of people, it is hard to understand what it was like to be child behind the Iron Curtain in the 1950s, when the cold war was burning strong. As a child, you get a lot of indoctrination. You feel trapped, like a prisoner. So I always associated planes with escape and freedom, and still do.
Steven Udvar Hazy
[On his idea to lease aircraft when he saw a shift in the late 1960s to jet planes from turboprops.] That transition involved a quantum leap in capital costs. [Airlines] Needed outside financing from someone friendly and catering to the industry, and not just from a bank.
Steven Udvar Hazy
[In May 2007] If we buy 50 planes, there could be 75 more sales from us indirectly.
Steven Udvar Hazy
[To Boeing and Airbus] We are saying to the manufacturers, ‘Here’s what the plane should look like.’ Our loyalty is to the airline industry that serves the public, and the product has to be optimised for the airlines and not for the manufacturers. We are thinking about what the customer and what the industry need 20 years from now.
Steven Udvar Hazy
[On not wanting the Airbus A350 to go ahead.] Warmed up [design of an existing plane.]
Steven Udvar Hazy
I said they needed a new design. And they said, ‘Well, that’s easy for you to say, Mr Hazy, it’s not your money.’ I felt Airbus was paying attention, but was not embracing our ideas. I was so frustrated with Airbus because they were stalling.
Steven Udvar Hazy
[To Jean Pierson in 1993 the then managing director of Airbus saying that there was a large market for a small jet.] He had a glass of wine and said OK. Now it’s sold 2,000 planes.
Steven Udvar Hazy
Big U.S. carriers, since the dawn of the jet age, act almost like superior beings.
Steven Udvar Hazy
[On half of his customers wanting to re-negotiate leases after the 9/11 disaster.] They want all the benefits when times are good, but if they are bad, they want you to sacrifice.
Steven Udvar Hazy
[In May 2007 on American carriers.] Our company is stronger than any major U.S. carrier. The day will come when they need ILFC.
Steven Udvar Hazy
[In 1953 as a seven year old realizing.] That an airplane rising into the sky is the hope, the only way to reach into a bigger world, a world representing his future.
Steven Udvar Hazy
[In 2003 on the Steven F. Udvar-Hazy Center, part of the Smithsonian.] I’m thrilled to have the National Air and Space Museum’s companion facility named in my honor. I know this new museum will impart to millions of children the same love for aviation that I have, and it will inspire future generations.
Steven Udvar Hazy
[In March 2006 on the Airbus A350.] That’s probably an $8 billion to $10 billion decision. Airbus is at a crossroads.
Steven Udvar Hazy
[In March 2006 on the Airbus A350.] Airbus will have to deal with this issue or accept a silver medal instead of a gold.
Steven Udvar Hazy
[In March 2006] We want to have long-term residual value in the A350... We’re not interested in a Band-aid reaction to the 787.
Steven Udvar Hazy
[In March 2006 on needing to overhaul the Airbus A350 to compete against Boeing.] It’s the marketplace that is going to dictate whether they do this or not do this. They have some big sales campaigns against Boeing. If they continue to lose, if Airbus loses two or three more critical campaigns, what choice do they have? They can’t be out of this segment of the business.
Steven Udvar Hazy
[In March 2006] What happens to the A340? Do they make one a month or one every two months? Where is that headed, the whole A340 product line, after say 2008?
Steven Udvar Hazy
[On the Airbus A350 in March 2006] That’s a huge financial decision. It can’t be delayed very long. If they are going to make a course correction, it’s got to happen I think in the next four or five months.
Steven Udvar Hazy
[In March 2006 on Airbus.] Time is an enemy. They’ve got to tell the market clearly.
Steven Udvar Hazy
[In June 2006 on possibly scraping a $3 billion Airbus A380 order] We could cancel and are considering canceling all or some of our A380 order. We are not happy and on safe ground to cancel the order.
Steven Udvar Hazy
[In June 2006] We are putting a lot of pressure on them to fix the 350. If they don’t gain credibility by the air show, we’ve got serious problems about taking the A350. they have a month to fix this.
Steven Udvar Hazy
[In July 2006 on what airlines will need five, ten, fifteen years from now.] It’s really looking at a crystal ball. It gets a little hazy.
Steven Udvar Hazy
[In July 2006] The challenge for Airbus is to cover the 787 and 777 with one platform, with one wing and one engine.
Steven Udvar Hazy
[In July 2006] We have seen a few airlines that are time-sensitive that are now more motivated to go 787. If everything else had been equal, they might have gravitated to the A350. We’re seeing a little bit of that. But not on a large scale.
Steven Udvar Hazy
[In July 2006 on being an American who had immigrated from Hungary.] Being a Hungarian, I understand the French-German issues a little better. At least at Boeing, we don’t have to deal with understanding history as well as we do at Airbus.
Steven Udvar Hazy
[In July 2006] Airbus, when everything is going well, they are Europeans. When things get rough, they are French, German, Spaniards, British.
Steven Udvar Hazy
[In July 2007 on the Boeing 787] There are a lot of new systems on this airplane that are different. Some have been proven and tried on military aircraft, but not on this scale.
Steven Udvar Hazy
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