Air Lease to Be Sold to Sumitomo, Apollo-Backed Group for $7.4 Billion
Reuters
Sep 02
Sept 2 (Reuters) - Aircraft leasing company Air Lease said on Tuesday it had agreed to be acquired by a newly formed holding company backed by Sumitomo Corporation, SMBC Aviation Capital and investment funds managed by Apollo and Brookfield for about $7.4 billion in cash.
Air Lease shareholders will be paid $65 in cash for each Class A common share they hold. Shares of the company were up about 6.1% in premarket trade.
The deal, which values the aircraft lessor at about $28.2 billion including debt, is expected to close in the first half of 2026.
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