Air Lease Corporation (NYSE: AL) has received the final regulatory approval required for its pending merger with a subsidiary of Sumisho Air Lease Corporation DAC, a Dublin-based holding company owned by Sumitomo Corporation, SMBC Aviation Capital Limited, and funds affiliated with Apollo and Brookfield.
The company anticipates closing the transaction on or about April 8, 2026, pending satisfaction of remaining conditions outlined in the merger agreement and proxy statement filed with the SEC on November 4, 2025.
Class A common stockholders will receive $65.00 per share in cash, without interest and subject to withholding taxes.
Preferred stock series—4.65% Series B, 4.125% Series C, and 6.00% Series D—will continue outstanding in the surviving entity.
Post-merger, Air Lease will rename to Sumisho Air Lease Corporation, marking a significant consolidation in the aircraft leasing sector that enhances scale for global fleet management and financing amid rising demand for leased aircraft.
This development clears a key hurdle, positioning the combined entity to strengthen market position through integrated operations and expanded investor backing.