Steven Udvar-Hazy

14 statements across 1 episodes · 1 bullish · 2 bearish · 1 people on the record · first statement Sep 4, 2023 by Steven Udvar-Hazy · across every show →

On the record as a speaker too: Steven Udvar-Hazy's record, appearances and statements → this page counts the times other people say the name.

Everything said about Steven Udvar-Hazy, oldest first

Sep 4, 2023
Assertion Supported
Udvar-Hazy bought a DC-8 for $2.2M to lease to Aeromexico in 1973
“And on September, 2019 73, I bought a Douglas DC-A for 2.2 million dollars from National Airlines, and leased it to Aeromexico.”
Steven Udvar-Hazy Sep 4, 2023 ▶ 38:52 Air Lease Corporation: Steven Udvar-Hazy
Sep 4, 2023
Assertion Supported
ILFC completed its 1983 IPO with only eight total employees
“But it was kind of oddball to have a public company with eight employees, including the three founders.”
Steven Udvar-Hazy Sep 4, 2023 ▶ 47:02 Air Lease Corporation: Steven Udvar-Hazy
Sep 4, 2023 negative
Opinion
Running an airline is a miserable 24/7 nightmare
“Mentally in my life where I decided running an airline is a miserable thing. It involves people, regulations, fuel, airports, reservations. It was just a nightmare to run an airline. It's 2407 and everything goes wrong.”
Steven Udvar-Hazy Sep 4, 2023 ▶ 32:44 Air Lease Corporation: Steven Udvar-Hazy
Sep 4, 2023
Assertion Supported
Aer Lingus Hired 20-Year-Old Udvar-Hazy for $4,000 Fleet Consulting
“So they immediately hired me that afternoon and said, we'll pay you 4000 dollars. That was a lot of money then.”
Steven Udvar-Hazy Sep 4, 2023 ▶ 23:25 Air Lease Corporation: Steven Udvar-Hazy
Sep 4, 2023
Assertion Not checkable as stated
Childhood Udvar-Hazy talked his way into LaGuardia's control tower
“A couple of times I talked my way into the control tower, saying that I was doing a term paper for school, for science class, and so that's what I would do, and I had a little notebook and Where I would write in what airline was flying, what kind of plane, and…”
Steven Udvar-Hazy Sep 4, 2023 ▶ 12:05 Air Lease Corporation: Steven Udvar-Hazy
Sep 4, 2023
Disclosure
Insiders held about 68% of ILFC at the time of AIG's acquisition
“I think 68% of the company was still owned by the insiders. The Gondas and myself and my family. And the public had, I think, 32%.”
Steven Udvar-Hazy Sep 4, 2023 ▶ 49:32 Air Lease Corporation: Steven Udvar-Hazy
Sep 4, 2023
Disclosure
Udvar-Hazy became AIG's third largest shareholder in the 1990s
“And I was like the third largest shareholder of AIG.”
Steven Udvar-Hazy Sep 4, 2023 ▶ 50:47 Air Lease Corporation: Steven Udvar-Hazy
Sep 4, 2023 negative
Opinion
Solo aircraft brokering would be impossible today due to corporate bureaucracy
“Today would be a bureaucratic nightmare. It couldn't be done today.”
Steven Udvar-Hazy Sep 4, 2023 ▶ 28:54 Air Lease Corporation: Steven Udvar-Hazy
Sep 4, 2023
Assertion Not checkable as stated
Pacific Airlines adopted 80% of 16-year-old Udvar-Hazy's flight schedule
“80% of the schedule is what I sent them.”
Steven Udvar-Hazy Sep 4, 2023 ▶ 18:08 Air Lease Corporation: Steven Udvar-Hazy
Sep 4, 2023
Assertion Partly supported
Air Lease Corp raised $1.2B within weeks of launching
“We raised about 1.2 billion and I said, we will provide a hundred million dollars of equity, cash equity, and then we'll raise another billion From outside investors, including banks, and well-known private equity firms, and international institutions, and tha…”
Steven Udvar-Hazy Sep 4, 2023 ▶ 1:01:48 Air Lease Corporation: Steven Udvar-Hazy
Sep 4, 2023
Disclosure
Udvar-Hazy pledged $60M for the Smithsonian Dulles museum in five minutes
“I said, okay, I'm in for 60. Okay. So these two older gentlemen thought that what I meant is I would contribute 60,000 dollars. Yeah. That's kind of what they expected. And I said, no, no, no, not sixty thousand, sixty million.”
Steven Udvar-Hazy Sep 4, 2023 ▶ 52:43 Air Lease Corporation: Steven Udvar-Hazy
Sep 4, 2023
Disclosure
Founders' AIG shares appreciated 5x by the 2000 peak
“By the time AIG stock peaked, it was in 2000. Our holdings in AIG stock were considerable. It was about five times more than when they acquired the company.”
Steven Udvar-Hazy Sep 4, 2023 ▶ 50:52 Air Lease Corporation: Steven Udvar-Hazy
Sep 4, 2023 positive
Assertion Not checkable as stated
Udvar-Hazy paid back every personal investor after Astro Air failed
“But I also had a lot of people, relatives and friends of my parents and other acquaintances that invested in the airline, some, you know, a thousand dollars, some 5000 dollars. And I made a pledge to pay them back. So over the next several years, starting in 1…”
Steven Udvar-Hazy Sep 4, 2023 ▶ 34:05 Air Lease Corporation: Steven Udvar-Hazy
Sep 4, 2023
Assertion Not checkable as stated
Udvar-Hazy earned a 5% commission brokering an Air New Zealand Electra
“Anyway, Air New Zealand and I make a deal. They're gonna pay a five percent commission.”
Steven Udvar-Hazy Sep 4, 2023 ▶ 26:03 Air Lease Corporation: Steven Udvar-Hazy
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