ILFC bought its first new Boeing 737 for $7.5M in 1977
Steven Udvar-Hazy · Air Lease Corporation: Steven Udvar-Hazy · Sep 4, 2023 · at 43:19
Aviation pioneer Steven Udvar-Hazy describes ILFC's early growth prior to airline deregulation in 1978.
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“So in 1977, a year before deregulation, we bought our first brand new plane, brand new, seven, three, seven, from Boeing, and we leased it to a British airline called Britannia Airways, which was the largest charter airline in Europe. So we already reached the level of activity where we could buy a seven and a half million dollar brand new plane.”
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