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Air Lease Corporation commences initial public offering

5-Apr-2011 9:08 AM

Air Lease Corporation announced (04-Apr-2011) 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. JP Morgan Securities, Credit Suisse Securities (USA), Barclays Capital Inc, FBR Capital Markets & Co, RBC Capital Markets and Wells Fargo Securities will act as joint book-running managers for the offering, with Macquarie Capital (USA), Scotia Capital (USA) and SG Americas Securities acting as co-managers. [more]