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Canadian - EU Aircraft Industry Cooperation: ‘Godfather’ of aircraft leasing takes second look at post-Bombardier A220

Steven Udvar-Hazy, Air Lease Corp.’s founder and chairman, is studying his first potential orders of the Airbus SE A220 now that the European planemaker controls the single-aisle jetliner.

Airbus’s sales and engineering expertise brings greater potential to the aircraft, Udvar-Hazy said Sunday. The program was developed by Montreal-based Bombardier Inc. and formerly known as the C Series before Airbus took over a majority stake July 1.

“It’s a more attractive prospect,” Udvar-Hazy said in an interview in London ahead of the Farnborough air show. “This has changed the whole landscape in terms of its credibility.”

An order from Air Lease would provide the A220 with a seal of approval from one of the world’s most closely watched jet purchasers. Udvar-Hazy has been nicknamed the “godfather” of aircraft leasing for his role in founding the industry.

Airbus, which last week won a A220 deal from JetBlue Airways Corp., is trying to quickly build an order book for the plane, while also seeking to make the aircraft more viable by squeezing supply-chain costs. JetBlue’s 60-jet order was valued at $5.4 billion based on list prices. Delta Air Lines Inc. is also a buyer of the plane.

Read more: ‘Godfather’ of aircraft leasing takes second look at post-Bombardier A220 | Montreal Gazette

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