Air Lease Helps Airlines Keep Debt Low
Entrepreneurs see dollar signs where others don't. In the mid- to late 1960s, the aircraft industry was transitioning from propellers to jets. Steven Udvar-Hazy was in his 20s, and he knew right away that the lofty capital investment required to purchase jet aircraft created an opportunity for a leasing business. Hungarian-born Udvar-Hazy is one of the pioneers of the jet-leasing industry. He started International Lease Finance Corp. in 1973,
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