Skift Power Rankings: Steven Udvar-Hazy

Key Points

• Steven Udvar-Hazy revolutionized the airline industry through aircraft leasing, enabling affordable jet operations for many airlines.
• Udvar-Hazy remains an influential voice in the industry, offering critical advice and insights even in his late 70s.
• He advised against rapid airline expansion post-pandemic and criticized China's COMAC for its ambitions at a recent event.

Summary

Steven Udvar-Hazy, the founder of Air Lease and International Lease Finance Corporation, revolutionized the airline industry by making aircraft leasing accessible. His innovative approach allowed airlines that couldn't afford to purchase jets to operate them affordably. Despite being in his late 70s, Udvar-Hazy remains a prominent figure in aviation, offering critical advice and insights. He recently advised against rapid expansion at the Skift Aviation Forum and criticized China's plane maker, COMAC, at a Wings Club event.