Air Lease: Competitive Threat Drove AIG Lawsuit
ALC said the threat of competition drove AIG's lawsuit against it.
Steven Udvar-Hazy resigned from ILFC in February 2010 to start Air Lease Corp. (Photo: Gregory Polek)
Steven Udvar-Hazy resigned from ILFC in February 2010 to start Air Lease Corp. (Photo: Gregory Polek)

Steven Udvar-Hazy’s Air Lease Corporation (ALC) attributes a trade secrets lawsuit filed against it on April 24 by American International Group and its subsidiary, International Lease Finance Corp., to what it characterizes as ILFC’s inability to compete effectively and its perception of Air Lease as a “growing threat.”