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Hazy's clear outlook
01 March 2008
It has been 35 years since ILFC completed the first operating lease. Steven Udvar-Hazy, its chairman, talks exclusively to Sophie Segal about how the market has evolved and what the future holds.
It is remarkable to go into the office every day at 88 years old. It is even more remarkable, at this age, to go swimming during your lunch break. But most remarkable is remembering to give each of your 170 employees' children a gold coin every Christmas.
Such is the management culture at International Lease Finance Corporation (ILFC).
Leslie Gonda, who will celebrate his 89th birthday in April, was on his way home for his daily swim after a morning of aircraft leasing before I caught up with him for a handshake. The bankroller of the first ILFC aircraft lease is still ever present at this pioneering business.
While ILFC celebrates its 35th birthday this year, Steven Udvar-Hazy, the lessor's chairman, remembers 40 years ago when he brokered his first deal for Air New Zealand. Hazy, a man who jokingly raced Airbus's chief operating officer John Leahy down a ski...
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