Aircraft leasing company Aircastle has raised $209 million in an initial public offering (IPO) of nearly 9.1 million common shares priced at $23 per share, writes Mary Kirby.
Aircastle says funds managed by affiliates of investment management firm Fortress Investment Group continue to own about 80% of Aircastle's common shares. Fortress has contributed around $400 million in equity capital to Aircastle.
Source: Flight International