A consortium of four companies—Japan’s Sumitomo Corporation, SMBC Aviation Capital, Apollo, and Brookfield—will acquire Air Lease Corporation (ALC).
The total equity purchase price is approximately USD 7.4 billion, with USD 65 paid per share of common stock. Including assumed and refinanced debt, the total transaction value is approximately USD 28.2 billion.
Subject to regulatory approvals, the acquisition is expected to be completed as early as the first quarter of 2026. After closing, the business is planned to be reorganized via a new Irish company as Sumisho Air Lease Corporation.
Equity ownership will be: Sumitomo Corporation 37.505%, SMBC Aviation Capital 24.99%, and Apollo and Brookfield 18.7525% each. Voting rights will be: Sumitomo Corporation 47.505%, SMBC Aviation Capital 4.99%, and Apollo and Brookfield 23.7525% each.
ALC was established in 2010. Headquartered in Los Angeles, USA, it operates an aircraft leasing business. It owns 489 aircraft and leases them to 116 customers in 58 countries. The average fleet age is 4.6 years and the average lease term is 7.2 years. Revenue is approximately USD 2.73 billion and net income approximately USD 430 million.
By number of aircraft owned, managed, and on order, market leader AerCap has 2,074 aircraft. Second-ranked SMBC Aviation Capital has 1,010, and fourth-ranked ALC has 830; combined, that would be 1,840. With a portfolio centered on new aircraft, the parties expect to secure attractive OEM order positions and strengthen their competitive edge in sales.
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