Greenwich Kahala Aviation to raise USD207m through IPO and share sale
Greenwich Kahala Aviation announced it plans to raise USD207 million though an IPO and share sale to executives, including its COO and the company founders. The lessor expects to receive USD198.4 million after expenses. Company executives expected to acquire USD2.2 million in shares.
Funds raised will be use mostly for acquisitions of narrowbody and smaller aircraft, aged at least five years old. As much as 15% of the lasing company’s assets may be invested in aircraft-backed debt.
Selected Lessors daily share price movements (% change): 2-Mar-2011