Sumitomo, SMBC, Apollo And Brookfield Acquire Air Lease

Sumitomo Corporation, SMBC Aviation Capital, Apollo, and Brookfield have reached a definitive agreement to acquire Air Lease Corporation in a transformational all-cash transaction valued at approximately $28.2 billion including debt. Once the deal closes, Air Lease will be renamed Sumisho Air Lease Corporation, with its aircraft orderbook transferred to SMBC Aviation Capital, which will also act as the servicer for the portfolio.