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Sumitomo, SMBC Aviation Capital, Apollo and Brookfield to Acquire Air Lease in All-Cash Deal

Founded by Steven F. Udvar-Házy alongside John L. Plueger, the lessor is known for a fleet concentrated in newer‑technology jets.

Air Lease Corp., the aviation finance firm built by industry pioneer Steven Udvar-Házy of Beverly Hills, above in this Oct. 17, 2017, photo, agreed to a $7.4 billion sale to a group led by Sumitomo Corp., adding to consolidation in an industry that plays an increasingly important role in aircraft purchases. (Axel Koester for The New York Times)
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SMBC 737 Max 8-c-SMBC Aviation Capital

Overview

  • The buyers announced a definitive agreement to purchase 100% of Air Lease for cash.
  • Upon closing, the company will adopt the new name Sumisho Air Lease.
  • Apollo and Brookfield will supply capital to support the transaction.
  • The joint announcement was issued from New York, Dublin and Tokyo, underscoring the deal’s cross-border backing.
  • Air Lease is described as a leading aircraft lessor with a portfolio focused on new-technology aircraft.