Udvar-Hazy says re-engined craft have little "meaningful benefit"

10/12/2010 | Bloomberg

Aircraft-leasing luminary Steven Udvar-Hazy, CEO of Air Lease, said upgraded versions of Airbus and Boeing jets -- planes that have been re-engined in industry parlance -- are of limited value to operators of the aircraft. The benefits are mainly environmental and for public relations, he said. Boeing and Airbus, however, said airlines are requesting re-engined craft, especially single-aisle planes.

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