Avolon Holdings, an aircraft leasing company backed by Oak Hill Capital Partners and CVC Capital Partners, among others, began trading Friday on the NYSE under the ticker symbol AVOL. The company, which priced under its expected $21 to $23 range, raised approximately $272 million by offering its shares for $20. Shares traded down Friday, closing at $18.50, giving the company a market cap of roughly $1.5 billion. Founded in 2010, Avolon provides aircraft leasing and lease management services to airlines and aircraft investors across the globe. For the nine months ended September 30, the company has grown its year-over-year revenue and net income by about 33% and 11.8%, respectively.