Air Lease board chair continues to serve in position

Steven Udvar-Házy Continues to Serve as Executive Chairman of the Board of Air Lease Corporation

Air Lease Corporation (NYSE:AL) has corrected an erroneous media report that its executive chairman of the board Steven Udvar-Házy, retired on September 1, 2016, the company said.

The company said since July 1, 2016, Udvar-Házy, the founder of the company and a large shareholder, has been and continues to serve in his full-time role as executive chairman of the board.

Air Lease Corporation is an aircraft leasing company based in Los Angeles, California that purchases commercial aircraft and leases them to its airline customers through customized aircraft leasing and financing solutions.