Air Lease corrected an erroneous media report published last week that Steven Udvar-Házy, executive chairman of the board of Air Lease retired on September 1, 2016.

As reported on June 17, 2016, Air Lease announced that Udvar-Házy would become executive chairman of the board on July 1, 2016, a full-time officer role.

Since July 1, 2016, Udvar-Házy, the founder of the company and a large shareholder, has been and continues to serve in his full-time role as executive chairman of the board, according to Air Lease.