Plueger to be CEO at ALC as Udvar-Házy steps back

Air Lease Corporation’s board of directors has appointed John Plueger (pictured) as chief executive officer and president with effective from 1 July 2016, with the current incumbent, Steven Udvar-Házy, moving to the role of executive chairman of the board, a full-time officer role.

“On behalf of the board of directors, I thank Steve for his extraordinary leadership of ALC as its founder, chairman, and chief executive officer,” commented Robert Milton, ALC’s lead director. “Steve started ALC in February 2010, and as a result of his vision and guidance, the company today owns and manages 268 young and in-demand jet aircraft on lease to 88 airline customers around the world, and has an orderbook of 386 new jet aircraft to be delivered from Airbus and Boeing though 2023. These role changes are part of the board’s long-term succession plans and the board is pleased that as a result of these changes, ALC will benefit from both John’s expanded role, and no diminishment in Steve’s drive and commitment to building an ever bigger and stronger ALC.”

Plueger joined ALC as its president and chief operating officer and member of the board in March 2010, shortly after the company was formed. He has more than 30 years of aviation industry and aircraft leasing experience, 24 of which were with International Lease Finance Corporation, where he served on its board of directors, as president and chief operating officer and then acting chief executive officer prior to joining Air Lease Corporation.

“John and I have worked together for over 30 years and I am extremely proud of what we have accomplished in six short years at ALC and look forward to continuing to partner with John in my new role as executive chairman,” remarked Udvar-Házy. “In this role, I will continue to work closely with our airline customers, OEMs and financiers to modernise and grow airline fleets and make ALC the premier leasing company in the world.”

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