Steven Udvar-Hazy, former head of International Lease Finance, is in the process of raising several billion dollars for his business, sources said. He is tapping investors for equity commitments of about $1 billion and debt financing that ranges from $1.5 billion to $2 billion, the sources said. Analysts said the aircraft-leasing business is in a state of flux, making this a good time to be an entrant.

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