Insightful analysis and commentary for the US and global equity investor
Contributors: Douglas McIntyre Jon C. Ogg

Previous Posts

Tuesday, August 08, 2006

IPO Alert: Aircastle Limited

Aircastle Limited (AYR) priced its 9.09+ million share IPO at $23.00 per share, at the high-end of the $21.00 to $23.00 per share range. JPMorgan, Bear, Stearns, and Citigroup acted as book-runners; and Calyon Securities and Deutsche Bank acted as co-managers.

What makes Aircastle unique is that this is the only pure-play global jet lease company that will be public. Aircastle Limited owns and leases high-utility commercial jet aircraft to airlines throughout the world. As of August 3, 2006, Aircastle had acquired and committed to acquire $1.7 billion of aviation assets including 66 aircraft leased to 32 lessees located in 23 countries. As of March 31, 2006, its aircraft portfolio consisted of 42 aircraft that were leased to 24 lessees located in 16 countries and managed through its offices in the United States, Ireland and Singapore.

The company was registered as Aircastle Investment Limited in 2004 in Bermuda, and renamed Aircastle Limited on May 17, 2006. Peter Ueberroth is one of the directors of the company.

More investor and corporate information can be found at www.aircastle.com

Jon C. Ogg
August 8, 2006
 Subscribe

Powered by Blogger