Skip to content
Subscriber Only
Markets
Markets Magazine

Jet-Lease Billionaire Udvar-Hazy Takes On AIG Hand That Fed Him

From

Airplane-leasing billionaire Steven Udvar-Hazy hates to wait. When the chairman and chief executive officer of Air Lease Corp. is ready to take off in his Gulfstream IV jet from Los Angeles’s Van Nuys Airport one August morning, he drives straight up to the plane in his black Volks-wagen Jetta, bounds up the stairway, throws off his suit jacket and hops into the pilot seat.

With barely a pause for his co-pilot to go over the pre-takeoff checklist, the Hungarian-born executive pushes onto the taxiway to start the 41-minute hop to St. George, Utah, where he will attend a board meeting at airline SkyWest Inc.