Air Lease Corp

April 26 (Bloomberg) -- Steven Udvar-Hazy, who left International Lease Finance Corp. in February, said he is seeking capital for a “huge” new aircraft lessor, Air Lease Corp., that he’s founding with former colleague John Plueger.

“We’re in a quiet period so I can’t talk, but it won’t be much longer,” the 64-year-old Hungarian-born entrepreneur said today in an interview during a conference in New York. “It’ll be huge,” Udvar-Hazy said when asked how big the company will be.

Udvar-Hazy built ILFC into the world’s largest plane lessor and the biggest customer for Boeing Co. and Airbus SAS before selling it to insurer American International Group Inc. in 1990. He left as chief executive officer of his Los Angeles-based company more than a year after it lost funding options because of credit downgrades to AIG. Plueger, who was ILFC’s chief operating officer at the time, replaced him temporarily as CEO before leaving in March to rejoin Hazy.

Before 2008, a leasing company could have been started with a 4-to-1 or 5-to-1 ratio of debt to equity, Udvar-Hazy said today. Greater difficulty in obtaining credit in today’s climate means that every dollar of equity invested in a new leasing enterprise could expect to attract 2.5 times that in bank debt or bonds, he said.

“The last financial nightmare taught us a lesson,” Udvar- Hazy told a roomful of bankers, lessors, airline executives and other aircraft finance executives at Euromoney’s Airfinance conference. “In the heyday, you could stretch it to 4- or 5-1” of debt to equity, he said. “Now it would be better to be 2.5 to 3-to-1.”

aeroduO5 a écrit:Donc 51 A 320 et A 321 pour commencer.
Je crois qu'ILFC n'en avait plus beaucoup en commande donc il n'y avait rien à reprendre.

Pour Poncho c'est vrai que le SSJ peut être un candidat à la location au moins en Russie et dans les pays de la sphère. Et qui sait si cet avion fait ses preuves il pourrait rencontrer un certain succès. C'est un avion de 100 places et SUH n'a pas commandé d'A 319 donc ça laisse un trou entre 100 et 150 places suivez mon regard

pascal83 a écrit:http://www.radiobfm.com/edito/info/76520/air-france-klm-accords-de-vente-credit-bail-avec-alc-/

ALC loue des A320 familly et 1 777 au groupe AF/KLM

In particular, he sees ALC as having a key role in the launch of a successor in the 150- to 250-seat range. "We are very much involved in this, as it will change the whole make-up of the industry," says Udvar-Hazy. "We are in talks with the manufacturers and the airlines, designing, as we did with the Airbus A330-200, A350 and Boeing 777-300ER. This next step is really exciting and it is a huge leap forward. I don't see the other lessors engaged in that type of activity. We are thinking 10-20 years ahead, not about what we did yesterday. I think that is a huge differentiation between this company and some of the others."

RE-ENGINING TALK

Airbus is likely to be the first manufacturer to step ahead with a new engine response in the single-aisle category, but Hazy believes this might not be the right strategy. "It is an unnecessary move, but I think there are three motivating factors at Airbus: one, I think the threat of the CSeries is an implied threat. Number two, in case oil prices go up in the next five years, it wants to have a product that has lower unit fuel burn than the 737. Third, the truth is I don't believe Airbus could launch a new aircraft today, as financially the A380 is not a profitable programme, the A350 is just starting to consume money and then they have this wonderful project called the A400M, which is a disgrace to the European taxpayer, also consuming tremendous resources.

"I think, based on talks with airlines, Airbus is much more reactive to the CSeries because it feels the A319 and A320 are a little bit vulnerable to this aircraft on a pure direct operating cost equation. I don't see the same level of anxiety at Boeing that the 737 is going to be vulnerable to the CSeries."

Udvar-Hazy believes Boeing is taking the "right approach" with its "wait and see" attitude to re-engining. "It is better to see how things play out, the A320 family is still a good workhorse, so there's no need to prematurely obsolete it." He believes Boeing will not re-engine the 737. "They are looking at major structural changes, major design changes that go beyond just putting new engines on. I don't think they could get it certified because its type certificate goes back to 1967 and today's new aircraft air worthiness regulations mean that a derivative may not be certifiable."