Air Lease Going Public

PE-backed Air Lease has filed for an IPO with JP Morgan, Credit Suisse and FBR Capital Markets serving as joint book-running managers. The company intends raise up to $100 million in the offering, the proceeds from which will be used to fund the acquisition of commercial aircraft, as well as for general corporate purposes. Air Lease provides commercial aircraft leasing services, and its PE backers include Leonard Green & Partners, Ares Management and WL Ross & Company.