Babcock & Brown Air LTD, a newly formed company by Babcock & Brown to acquire and lease commercial jet aircraft and other aviation assets, filed for an IPO Wednesday with the SEC. The company plans to offer 18.7 million ADSs at a price range of $22 to $24 per ADS. The firm expects to list on the NYSE under the ticker "FLY." Morgan Stanley, Citi, Merrill Lynch, and Credit Suisse are the joint book runners on the deal.
