05-Apr-2011 3:22 PM
Air Lease Corporation announces IPO; Hong Kong Aviation Capital gets new CEO.
Analysis
Air Lease Corporation announced the launch of its initial public offering of 25 million shares of Class A Common Stock. The estimated offering price is between USD25.00 and USD28.00 per share. The company's Class A Common Stock has been approved for listing on the New York Stock Exchange under the symbol "AL". The underwriters have the option to purchase up to an additional 3,750,000 shares of Class A Common Stock to cover over-allotments.
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