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SMBC Aviation Capital Makes Big Bet With Air Lease Corp. Acquisition

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SMBC Aviation Capital Makes Big Bet With Air Lease Corp. Acquisition | Aviation Week Network

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Jens Flottau
September 09, 2025

Steve Udvar-Házy Christian Scherer and John Plueger at the 2019 Paris Air Show.

Steve Udvar-Házy doing what he likes most: buying aircraft, here with Airbus Commercial Aircraft CEO Christian Scherer and ALC CEO John Plueger at the 2019 Paris Air Show.

Credit: A. Doumenjou/Airbus

Steven Udvar-Házy made a big decision in June 1990. He sold International Lease Finance Corp., the aircraft lessor that made him famous in the aviation industry, to American International Group for $1.3 billion but stayed on as CEO. As it turned out, he got the timing right. He sold “15 min. before…

Jens Flottau

Based in Frankfurt, Germany, Jens is executive editor and leads Aviation Week Network’s global team of journalists covering commercial aviation.

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