Air Lease Corporation launches offering

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International Lease Finance Corporation’s former CEO, Steven Udvar-Hazy, launches private common stock offering for his latest venture Air Lease Corporation (ALC). Air Lease Corporation (ALC), a new aircraft leasing company, is offering 55 million shares – worth $1.1 billion – to institutional buyers. Former CEO of International Lease Finance Corporation (ILFC), Steven Udvar-Hazy, established the lessor, which is based in Delaware, in 2010 after leaving his previous position at ILFC in February.
The prospectus, dated May 7 2010, says that Commonwealth Bank of Australia and Societe Generale will purchase $125......

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