Udvar-Hazy buys 20 Embraer jets as spree continues

FARNBOROUGH, England (BestGrowthStock) – Aircraft leasing pioneer Steve Udvar-Hazy struck a deal on Tuesday to buy 20 jets from Brazilian group Embraer for nearly $800 million at list prices.

Hazy’s Air Lease Corp spent $4 billion on Monday buying planes from EADS’s Airbus unit, and expectations were high he could still do substantial business with Boeing during the Farnborough Airshow this week as well.

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(Reporting by Ben Berkowitz; Editing by Dan Lalor)

Udvar-Hazy buys 20 Embraer jets as spree continues