Steven Udvar-Hazy says management ‘did not demonstrate industry leadership’ with their ‘knee-jerk reaction’ to Airbus plan Steven Udvar-Hazy Boeing failed to demonstrate industry leadership when it decided to develop the 737 Max family of aircraft in what was a “knee-jerk reaction” to developments by rival Airbus, according to Steven Udvar-Hazy, the founder and executive chairman of aircraft leasing giant Air Lease Corporation. Speaking at the Airline Economics Growth Frontiers conference in Dublin on Monday, the highly-regarded aviation chief said that when Boeing announced the Max development programme in 2011, it put the idea of an entirely new aircraft “on the back burner”.
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