Steven Udvar-Hazy: A Pioneer in the Aviation Industry

Steven Ferencz Udvar-Házy, also known as István or Steve Hazy, is an Hungarian-American billionaire businessman and the executive chairman of Air Lease Corporation. He is the former chairman and CEO of International Lease Finance Corporation (ILFC), one of the two largest aircraft lessors in the world (the other being AerCap). Forbes magazine’s 2021 list of The World’s Billionaires estimated his net worth at US$4 billion.

Biography

Steven Udvar-Házy was born in Budapest, Hungary, in 1946. His family fled Hungary during the Hungarian Revolution of 1956 and settled in the United States. Udvar-Házy studied economics at the University of California, Los Angeles, and graduated in 1969.

Career Highlights

Udvar-Házy’s career in the aviation industry began in 1973 when he co-founded International Lease Finance Corporation (ILFC) with fellow Hungarian Leslie Gonda and his son Louis Gonda. ILFC was one of the first companies to lease jet aircraft to airlines, and it quickly became a major player in the industry. Under Udvar-Házy’s leadership, ILFC grew to become the largest aircraft lessor in the world.

In 2010, Udvar-Házy left ILFC to found Air Lease Corporation (ALC). ALC is another major aircraft lessor, and it quickly became a competitor to ILFC. ALC has been a successful company, and it is now one of the largest aircraft lessors in the world.

Udvar-Házy has been recognized for his contributions to the aviation industry with numerous awards, including the Tony Jannus Award from the Vertical Flight Foundation and the Aviation Hall of Fame Award from the National Aviation Club.

Notable Work

Udvar-Házy’s most notable work is his founding of ILFC and ALC. These two companies have revolutionized the way airlines finance their aircraft fleets.

Net Worth

Udvar-Házy’s net worth is estimated at US$4 billion. He is one of the richest people in the aviation industry.

Social Media Presence

Udvar-Házy is not active on social media.

Personal Life

Udvar-Házy is married to Christine Udvar-Házy. They have four children.

Hobbies and Interests

Udvar-Házy is an avid pilot and aircraft enthusiast. He also enjoys collecting classic cars.

Charitable Work

Udvar-Házy and his wife have donated millions of dollars to various charities, including the Smithsonian National Air and Space Museum and the Embry-Riddle Aeronautical University.

Education

Udvar-Házy studied economics at the University of California, Los Angeles, and graduated in 1969.

Early Career

Udvar-Házy’s early career was in finance. He worked as an investment banker before co-founding ILFC in 1973.

Upcoming Projects

Udvar-Házy is currently focused on growing ALC and expanding its global portfolio.

Style and Fashion

Udvar-Házy is known for his understated and elegant style. He often wears suits and ties.

Fan Base

Udvar-Házy is a respected figure in the aviation industry, but he does not have a large fan base in the general public.

Political or Social Activism

Udvar-Házy is not known to be involved in any political or social causes.

Trivia

Udvar-Házy is a polyglot and speaks seven languages fluently.

Steven Udvar-Házy is a visionary leader who has made a significant impact on the aviation industry. He is a pioneer in the aircraft leasing business, and he has helped to make it possible for airlines around the world to afford to operate the latest and most efficient aircraft. Udvar-Házy is also a generous philanthropist, and he has donated millions of dollars to support education and other causes.