Air Lease files for up to $805 mln IPO

April 4 (Reuters) – Air Lease Corp filed with U.S.
regulators to raise up to $805 million in an initial public
offering of common stock.

The Los Angeles-based company said it is selling 25 million
class A common stock at $25-$28 per share. Underwriters have the
option to buy up to an additional 3.8 million shares on the same
terms and conditions to cover over-allotments.

The aircraft leasing company, in which Wilbur Ross’s WL
Ross & Co, Ares Management, and Commonwealth Bank of Australia
hold stakes, had in January said it planned to raise $100
million through an IPO to fund acquisition of commercial
aircraft and for general corporate purposes. [ID:nSGE70D0C1]

J.P. Morgan Securities, Credit Suisse Securities, Barclays
Capital Inc, FBR Capital Markets & Co, RBC Capital Markets and
Wells Fargo Securities will act as joint book-running managers
for the offering, the company said in a statement.

The company, whose shares have been approved for listing on
the New York Stock Exchange under the symbol “AL”, owned 40
aircraft as of Dec. 31. It has agreed to buy 144 new aircraft
through 2017 and four used aircraft in 2011.
(Reporting by Saqib Iqbal Ahmed in Bangalore; Editing by Sriraj
Kalluvila)

Air Lease files for up to $805 mln IPO