Air Lease Corporation Completes $28.2 Billion Merger, Delists from NYSE

summarizeSummary

Air Lease Corporation has finalized its previously announced merger, becoming an indirect subsidiary of Sumisho Air Lease Corporation Designated Activity Company. Common shareholders received $65.00 per share in cash, and the company will be delisted from the NYSE.

check_boxKey Events

• Merger Completion

  Air Lease Corporation completed its merger on April 8, 2026, becoming an indirect subsidiary of Sumisho Air Lease Corporation Designated Activity Company. This follows the regulatory approval announced on March 30, 2026.

• Shareholder Payout & Delisting

  Each share of Class A Common Stock was converted into $65.00 in cash. The company requested delisting of its common stock and certain medium-term notes from the NYSE, and intends to deregister its common stock.

• New Ownership Structure

  The surviving corporation is now jointly owned by Sumitomo (47.505%), Apollo (23.7525%), Brookfield (23.7525%), and SMBC Aviation Capital (4.99%).

• Leadership Change

  The entire Board of Directors and key executive officers, including the CEO and CFO, were removed. A new leadership team, including Noriyuki Hiruta as CEO and Sabrina Lemmens as CFO, has been appointed.

auto_awesomeAnalysis

This 8-K filing confirms the definitive completion of the merger, a critical event that fundamentally alters Air Lease Corporation's status as a publicly traded entity. Public shareholders have been cashed out at the pre-agreed price of $65.00 per share, and the company's stock will cease to trade on the NYSE. This marks the end of Air Lease's public journey and a transition to private ownership under a consortium led by Sumitomo. Investors should note the complete change in control, board, and executive management, as well as the significant refinancing activities undertaken to facilitate this transaction. The settlement of the class action lawsuit for $450,000 is a minor detail in the context of this multi-billion dollar acquisition.