Alaska Airlines gained a massive boost to its international partner portfolio when it joined the 13-airline Oneworld Alliance in 2021.
01.11.2023 - 22:21 / skift.com / Justin Dawes / Steven Udvar-Hazy
Air Lease Corporation has a unique position in the industry. As a company that purchases commercial aircraft and leases them to airlines, the company has a close understanding of the economic health of the industry worldwide.
Steven Udvar-Házy, a billionaire and executive chairman of Air Lease Corporation, shared some thoughts about the industry onstage at the Skift Aviation Forum on Wednesday in Texas.
Below are a few highlights from the discussion.
Airlines have been ordering more planes in response to a surge in business post-pandemic, but he said they shouldn’t get too carried away in case there’s another economic downturn.
There are many companies working on next-generation aircraft that are meant to improve efficiencies and contribute to sustainability goals. He thinks it will take longer than expected before those efforts make a real difference.
While demand for air travel is steady, he said the weaknesses are related to geopolitical issues around the world.
There are some airlines that only have one jet, which they lease from Air Lease Corporation, he said. One of them is Air Vanuatu, the national flag carrier for Vanuatu, a country of roughly 80 islands in the South Pacific Ocean with a population of about 300,000.
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Alaska Airlines gained a massive boost to its international partner portfolio when it joined the 13-airline Oneworld Alliance in 2021.
This as-told-to essay is based on a transcribed conversation with Alyson Long, 57, about traveling full time with her family for several years. The following has been edited for length and clarity.
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