ALC on Avianca Brazil: 'It was a corporate decision not to go into business with them'

Air Lease Corporation (ALC) chairman Steven Udvar-Hazy commented on Avianca Brazil's financial difficulties and the reason why ALC has no business with Avianca Brazil, stating: "We felt that they didn't have a competitive cost position and the market penetration to be eligible for our products… It was a corporate decision not to go into business with them" (Valora Analitik, 06-Mar-2019).