AcquisitionsApr 8, 2026, 04:07 PM
Air Lease Corporation Completes Merger, Becomes Sumisho Air Lease Corporation
AI Summary
Air Lease Corporation (AL) has completed its previously announced merger, effective April 8, 2026. The company now operates as an indirect subsidiary of Sumisho Air Lease Corporation Designated Activity Company, a new holding company jointly owned by Sumitomo Corporation, SMBC Aviation Capital Limited, investment vehicles affiliated with Apollo managed funds, and Brookfield. This strategic transaction, initially agreed upon on September 1, 2025, results in AL changing its name to Sumisho Air Lease Corporation, signifying a major structural and ownership shift for the aircraft leasing firm.
Key Highlights
- Air Lease Corporation completed its merger on April 8, 2026, with Takeoff Merger Sub Inc.
- The company now operates as an indirect subsidiary of Sumisho Air Lease Corporation Designated Activity Company, an Irish private limited company.
- The new holding company is jointly owned by Sumitomo Corporation, SMBC Aviation Capital Limited, Apollo managed funds, and Brookfield.
- Effective April 8, 2026, Air Lease Corporation changed its name to Sumisho Air Lease Corporation.
- The merger was effected pursuant to an Agreement and Plan of Merger dated September 1, 2025.