What Happened
New Ownership Structure For Major Aircraft Lessor Unveiled
SMBC Aviation Capital and partner investors have completed the acquisition of Air Lease Corporation, renaming it Sumisho Air Lease Corporation. The $28.2 billion transaction, which includes the assumption of Air Lease’s debt, marks a significant development in the aircraft leasing industry. With the backing of major investors, including Sumitomo Corporation, Apollo, and Brookfield, Sumisho Air Lease aims to enhance its investment in new-tech and environmentally friendly aircraft, as well as bolster its financing capabilities. The acquisition was finalized after receiving all necessary regulatory approvals, as reported by AeroTime.