Air Lease has received final regulatory approval for its planned merger with a subsidiary of Sumisho Air Lease Corporation, clearing a key condition ahead of the transaction’s expected completion on or about April 8, 2026.
The subsidiary is part of a Dublin-based holding company whose shares at closing will be held by Sumitomo Corporation, SMBC Aviation Capital Limited, and investment vehicles affiliated with Apollo-managed funds and Brookfield.
Air Lease said the merger remains subject to satisfying remaining closing conditions outlined in its definitive proxy statement filed with the U.S. Securities and Exchange Commission on November 4, 2025.
Under the terms of the agreement, holders of Air Lease’s class A common stock will receive $65.00 in cash per share, without interest and subject to applicable withholding taxes, based on shares held immediately prior to the merger becoming effective.
The company also confirmed that its preferred stock will remain outstanding following completion of the transaction. This includes its 4.65% fixed-rate reset non-cumulative perpetual preferred stock, series B; 4.125% fixed-rate reset non-cumulative perpetual preferred stock, series C; and 6.00% fixed-rate reset non-cumulative perpetual preferred stock, series D.
Upon completion of the merger, Air Lease will be renamed Sumisho Air Lease Corporation.