Sumitomo, SMBC, Apollo, Brookfield acquire Air Lease Corporation Shutterstock

ALC announces merger with Sumitomo, SMBC, Apollo, Brookfield

Sumitomo Corporation, SMBC Aviation Capital, Apollo, and Brookfield have announced their definitive agreement to acquire Air Lease Corporation (Air Lease), a aircraft lessor founded by Steven F. Udvar-Házy and John L. Plueger, with a portfolio primarily comprising new-technology aircraft. Upon completion, Air Lease will be renamed Sumisho Air Lease, a newly established entity. Apollo and […]

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