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Pegasus planning IPO in 2010; purchases stake in Air Lease Corporation

1-Jul-2010 1:06 PM

Pegasus Havayollari Chairman, Ali Sabanci, stated the LCC plans to conduct an IPO of up to 25-30% in 2010 (Reuters, 30-Jun-2010). However, he added the IPO could be postponed to 2011 if market conditions were not favourable. Pegasus also confirmed it purchased a 5% stake in Air Lease Corporation in Jun-2010.