Babcock & Brown filed last week with the US Securities and Exchange Commission to spin off part of its commercial aircraft leasing business in an IPO that could raise more than $440 million. The newly created lessor will be known as Babcock & Brown Air. Shares are being offered at $22-$24 each and will be listed on the New York Stock Exchange under the symbol FLY, B&B said in a statement. B&B Air will have an initial portfolio of 47 aircraft leased to 29 companies in 16 ...

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