Aircraft lessor Avolon Holdings is celebrating its initial public offering on the New York Stock Exchange. After shares were priced at $20, below the expected range of $21 to $23 a share, and then traded down Friday morning, Avolon chief executive Domhnal Slattery says that’s not reflective of Wall Street’s concerns about his company — instead, he attributes it to the markets’ choppy behavior. Slattery also explains how the company is not only currently benefiting from lower oil prices but is hedged against oil’s eventual rise. Plus, he reveals which customers and countries the company is betting on to expand in the future and what Avolon’s growth strategy is going forward.
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