CEO of AIG's aircraft-leasing unit is expected to quit, sources say

01/25/2010 | Wall Street Journal, The

Steven Udvar-Hazy, CEO of American International Group's aircraft-leasing company, International Lease Finance, is expected to depart the company as early as this week, sources said. John Plueger, ILFC's president and chief operating officer, might succeed him. Udvar-Hazy essentially created the industry's leasing model more than 30 years ago, but the company is struggling with a high debt load.

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Wall Street Journal, The