Aircraft Leasing Pioneer Steven Udvar-Házy to Receive 2012 Howard Hughes Memorial Award from Aero Club of Southern California

  Aircraft Leasing Pioneer Steven Udvar-Házy to Receive 2012 Howard Hughes
  Memorial Award from Aero Club of Southern California

Business Wire

LOS ANGELES -- September 19, 2012

The Aero Club of Southern California will honor Steven F. Udvar-Házy, Chairman
and CEO of Air Lease Corporation, with its 2012 Howard Hughes Memorial Award,
according to ACSC president Nissen Davis.

Steven Udvar-Hazy, recipient of the 2012 Howard Hughes Memorial Award from the
Aero Club of Southern ...

Steven Udvar-Hazy, recipient of the 2012 Howard Hughes Memorial Award from the
Aero Club of Southern California. (Photo: Business Wire)

Theawardis presented annually to an aerospace leader whose accomplishments
over a long career have contributed significantly to the advancement of
aviation or space technology. It will be presented at the Jonathan Club, Los
Angeles on February 13, 2013.

Udvar-Házy is the 34^th recipient of the award whose previous honorees include
Jack Northrop, Jimmy Doolittle, Neil Armstrong, Chuck Yeager, Fred Smith and
Bob Six. He will receive a medallion made from silver from the Hughes mines in
Nevada. A commemorative sculpture bearing the names of award recipients is on
permanent display at the Flight Path Museum at Los Angeles International
Airport.

Udvar-Hazy co-founded the aircraft leasing business that became International
Air Finance Corporation in 1973. As Chairman and CEO, he led ILFC from its
inception, through its initial public offering in 1983 and subsequent sale to
American International Group for $1.3 billion in 1990, and ultimately to its
becoming the largest aircraft leasing company (by fleet value) in the world,
with a fleet of over 1,000 jet aircraft as of December 31, 2009.

In February 2010, he formed Air Lease Corporation, which has been the
fastest-growing commercial aircraft lessor since its founding. ALC has nearly
300 new jet airliners on order from Airbus and Boeing.

Udvar-Hazy is an airline transport pilot with type ratings on multiple jet
aircraft and has over 30 years of experience flying jets.

The awards banquet is open to the public. For information call 310-331-1551 or
visit www.aeroclubsocal.org. The Club is a 501(c)(3) tax exempt non-profit
association.

The Aero Club of Southern California, local chapter of the National
Aeronautics Association, was founded in 1925 “to increase public awareness of
aviation in the United States and around the world.” Today it supports a
robust scholarship program, and is dedicated to the advancement of aviation
and aerospace and to honoring their outstanding contributors. Among the Club’s
achievements is saving the Hughes Flying Boat aka the Spruce Goose, now the
centerpiece of the Evergreen Aviation Museum in McMinnville, Oregon.

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Contact:

For Aero Club of Southern California
Nissen Davis, 310-729-6510
avroy@aol.com
 
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