Sumitomo Corporation, SMBC Aviation Capital, Apollo, and Brookfield are set to acquire Air Lease Corporation for approximately $7.4 billion, establishing Sumisho Air Lease to enhance operational scale and address evolving airline needs.

Target Company Overview

Air Lease Corporation (ALC), founded by Steven F. Udvar-Házy and John L. Plueger, is a prominent aircraft leasing company known for its portfolio of new technology aircraft. This strategic acquisition will allow ALC to expand its operational capacities and enhance its service offerings significantly within the aviation leasing landscape. Following the closing of this transaction, ALC will be rebranded as Sumisho Air Lease, reflecting its new ownership structure and strategic direction.

The company primarily focuses on leasing modern aircraft, offering solutions tailored to the complex needs of airlines worldwide. This renaming signifies a shift that not only aims to broaden the company's influence within the aircraft leasing sector but also to utilize the expertise of its new ownership group to increase growth and opportunity.

Industry Overview

The aviation leasing industry has experienced substantial growth in recent years, primarily driven by increasing air travel demand and the need for airlines to modernize their fleets. In Japan, where Sumitomo Corporation has significant presence, the aircraft