Business Wire·Mar 30, 2026, 4:05 PM ET

Air Lease Announces Receipt of Final Regulatory Approval in Connection with Pending Merger

Air Lease received final regulatory approval required to close its merger with a subsidiary of Sumisho Air Lease Corporation DAC.
The merger is expected to close on or about April 8, 2026, subject to remaining closing conditions.
Sumitomo Corporation, SMBC Aviation Capital Limited, & investment vehicles affiliated with Apollo managed funds & Brookfield will hold shares of the combined entity.
Air Lease Class A common stockholders will receive $65.00 in cash per share upon completion, without interest & subject to applicable withholding taxes.
Air Lease Series B, C, & D preferred stocks will remain outstanding as preferred stock of the surviving corporation.
Upon merger completion, Air Lease will be renamed Sumisho Air Lease Corporation.
The transaction is subject to risks including potential failure to satisfy closing conditions, employee retention challenges, debt restrictions, & legal proceedings.