Los Angeles / Bloomberg The self-proclaimed godfather of the aircraft-leasing industry, Steven Udvar-Hazy, is stepping down as chief executive officer of Air Lease Corp. Udvar-Hazy, 70, will become executive chairman of the board on July 1, Air Lease said in a statement. John Plueger, 61, the chief operating officer of the commercial-aircraft leasing company, will take over as CEO. ...

  New Delhi / Bloomberg Used Airbus Group SE A380 superjumbos are being offered at a 40 percent discount to the $2 million-plus monthly rental rate for a new plane as leasing firm Doric seeks to spur demand for the second-hand jets. Doric is in talks with a number of potential operators for a tranche of double-deckers that could be ...

  DUBAI / wam The Dubai Electricity and Water Authority (DEWA) is supporting the Rashid bin Mohammed Ramadan Forum as its strategic partner, under the patronage of HH Sheikh Ahmed bin Mohammed bin Rashid Al Maktoum, Chairman of the Mohammed bin Rashid Al Maktoum Foundation (MBRF). The forum was organised by the Department of Islamic Affairs and Charitable Activities (IACAD), ...