Air Lease is planning to raise about $805 million in an initial public offering (IPO), The Wall Street Journal reports. The Los Angeles-based aircraft leasing company, in which WL Ross & Company, Ares Management and Commonwealth Bank of Australia hold stakes, will sell at least 25 million of shares at $25 to $28 per share. Air Lease will also offer an option to its underwriters to buy an additional 3.8 million shares on the same terms and conditions to cover over-allotments. The joint book-running managers for the offering are JP Morgan, Credit Suisse, Barclays Capital, FBR Capital Markets, RBC Capital Markets and Wells Fargo, adds Reuters.

Click here for the story from The Wall Street Journal.

Click here for additional coverage from Reuters.