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Aircraft lessor Genesis Lease files for IPO

November 27, 2006
GLS

Genesis Lease, a newly formed aircraft lessor that will work in conjunction with GECAS, the aircraft leasing leader, filed for an IPO on Monday. The Limerick, Ireland-based company plans to offer 27.9 million ADSs at a range of $21-$23. The deal has a proposed market cap of $689 million. Citigroup and JP Morgan will manage the deal and have yet to announce timing.