Greenwich Kahala Aviation (GKH)

Greenwich Kahala Aviation announces IPO terms

Greenwich Kahala Aviation Ltd., a global aviation company recently formed to acquire, lease and trade commercial aircraft, announced terms for its IPO on Wednesday. The Dublin, Ireland-based company plans to raise $180 million by offering 15 million ADSs at an estimated offer price of $12. Greenwich Kahala Aviation, which was founded in 2009 and has yet to generate revenue, plans to list on the NYSE under the symbol GKH. FBR Capital Markets and Wells Fargo Securities are the lead underwriters on the deal, for which timing was not disclosed.