Davis Polk advised J.P. Morgan Securities LLC and Credit Suisse Securities (USA) LLC as joint book-running managers in connection with the initial public offering of 34,825,470 shares of Class A common stock of Air Lease Corporation, which includes 4,542,450 shares from the full exercise of the underwriters’ over-allotment option. The gross proceeds from the offering were approximately $872 million. Air Lease Corporation’s Class A common stock is listed on the New York Stock Exchange under the symbol “AL.”

Based in Los Angeles, California, Air Lease Corporation is a global aircraft leasing company, providing aircraft to airline customers in every major geographical region, including emerging and high-growth markets such as Asia, the Pacific Rim, Latin America, the Middle East and Eastern Europe. 

The Davis Polk corporate team included partner Joseph A. Hall and associates Hsien-Jay Lee, Adam J. Gelardi, Robert F. Young (not yet admitted) and Steve Valenzuela (Menlo Park office). Partner Mary Conway, senior counsel William H. Weigel and associate Kerry S. Price provided tax advice. The environmental team included counsel Betty Moy Huber and associate Connor Kuratek (not yet admitted). Counsel Marcie A. Goldstein of the New York office provided FINRA advice. Joshua Sills was the legal assistant for the transaction. Except as noted above, all members of the Davis Polk team are based in the New York office.