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Re:

Air Lease Corporation Sold to Sumitomo-Led Consortium for $65 per Share

Air Lease was acquired by a four-member consortium led by Sumitomo Corporation and renamed Sumisho Air Lease. Class A shareholders were entitled to $65 cash per share.
From TheFinanceBase Team2 min to read
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Air Lease Corporation was acquired on April 8, 2026, by a four-member consortium led by Japan’s Sumitomo Corporation. Air Lease Class A shareholders were entitled to receive $65 in cash per share, subject to applicable withholding taxes and without interest. The buyer group also included SMBC Aviation Capital, Apollo-managed funds and Brookfield; the acquired company was renamed Sumisho Air Lease.

Who bought Air Lease Corporation?

Sumitomo Corporation agreed to acquire Air Lease with SMBC Aviation Capital, Apollo-managed funds and Brookfield. “Sold to Sumitomo” is shorthand for this consortium transaction, not a purchase by Sumitomo alone. Sumitomo’s September 2, 2025 announcement described an acquisition amount of approximately US$7.4 billion. Sumitomo Corporation’s announcement

Air Lease’s filings also described approximately US$28.2 billion on a basis that included debt obligations to be assumed or refinanced, net of cash. That debt-inclusive figure is not interchangeable with Sumitomo’s approximately US$7.4 billion acquisition amount; the figures describe different scopes of the transaction. Air Lease transaction materials

What did Air Lease shareholders receive?

Under the merger agreement, Air Lease Class A shareholders were to receive US$65 in cash per share, without interest and subject to applicable withholding taxes. Air Lease announced shareholder approval of the agreement on December 18, 2025, and reiterated the cash consideration. Air Lease SEC transaction materials

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When did the acquisition close?

Sumitomo announced the agreement on September 2, 2025, and initially expected to close in the first quarter of FY2026, subject to approvals. Air Lease announced receipt of final regulatory approval on March 30, 2026, with closing expected around April 8, subject to remaining conditions. The transaction was completed on April 8, 2026, and completion announcements followed on April 9. The original forecast was superseded by the actual closing date. September 2025 announcement; March 2026 approval update; completion materials

What changed after the deal closed?

Air Lease became privately held and was delisted from the New York Stock Exchange. The company was renamed Sumisho Air Lease Corporation and continues in commercial aircraft acquisition, leasing and sales. Sumitomo described the resulting platform as one of the world’s largest by aircraft owned and serviced; that scale description is the company’s characterization, not an independent ranking. Sumitomo completion announcement

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Ownership is split between economic interests and voting rights

SMBC Group’s April 9, 2026 completion announcement reported the following post-closing ownership. Economic interest and voting rights are separate measures, so the percentages differ for some consortium members. SMBC Group completion announcement

Consortium member Economic interest Voting rights
Sumitomo Corporation 37.51% 47.51%
SMBC Aviation Capital 24.99% 4.99%
Apollo 18.75% 23.75%
Brookfield 18.75% 23.75%

SMBC Group reported approximately US$32.9 billion in total assets for Sumisho Air Lease as of December 31, 2025. This is a dated, company-reported asset figure—not the company’s current market value. SMBC Group completion announcement

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What the new company says about its plans

In Sumitomo Corporation’s English completion release of April 9, 2026, Sumisho Air Lease CEO Noriyuki Hiruta described the company as having a portfolio centered on new-generation, fuel-efficient aircraft and a strong financial foundation at investment grade. He said it was “well positioned to meet the needs of airlines and investors amid rapidly changing market conditions.” This is the company-provided English rendering of Hiruta’s statement, not an independent assessment of its financial strength or position. Sumitomo Corporation completion announcement

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