AG真人官方

Sumitomo Corporation, SMBC Aviation Capital, Apollo and Brookfield to Acquire Air Lease Corporation in 100% Cash Transaction

Leading investors with a long-term strategic focus deliver transformational transaction for the aircraft leasing sector

• Sumitomo Corporation, SMBC Aviation Capital, Apollo and Brookfield have reached a definitive agreement to acquire Air Lease Corporation through a newly established entity, Sumisho Air Lease Corporation (Ireland) DAC

• Air Lease will be renamed Sumisho Air Lease Corporation (鈥淪umisho Air Lease鈥�) and its orderbook is expected to transfer to SMBC Aviation Capital as part of the transaction; SMBC Aviation Capital will act as a servicer to Sumisho Air Lease鈥檚 portfolio

• Apollo and Brookfield to provide capital to support the acquisition, joining Sumitomo Corporation and SMBC Aviation Capital as aligned investors

• Sumisho Air Lease will be optimally positioned to capitalise on airline and investor demand in a supply constrained environment

• Sumisho Air Lease is expected to be an investment-grade rated aircraft lessor with a globally diverse group of airline customers and portfolio of new technology aircraft

NEW YORK & DUBLIN & TOKYO--(BUSINESS WIRE)-- Sumitomo Corporation, SMBC Aviation Capital, Apollo managed funds (鈥淎pollo鈥�) and Brookfield, today announced that they have reached a definitive agreement to acquire Air Lease Corporation (鈥淎ir Lease鈥�), a leading aircraft lessor founded by Steven F. Udvar-H谩zy and John L. Plueger with a portfolio primarily comprised of new technology aircraft. Upon closing, Air Lease will be renamed Sumisho Air Lease, a newly established entity. Apollo and Brookfield have agreed to provide capital to support the transaction.

Under the terms of the agreement, Air Lease common stockholders will receive $65.00 per share in cash, representing a total valuation of approximately $7.4 billion, or approximately $28.2 billion including debt obligations to be assumed or refinanced net of cash. The cash consideration represents a 7% premium over Air Lease鈥檚 all-time high closing stock price on August 28, 2025, a 14% premium over the volume weighted average share price during the 30 trading day period ended August 29, 2025, and a 31% premium over the volume weighted average share price during the last 12 months' trading day period ended August 29, 2025.

Sumisho Air Lease鈥檚 position as an established aircraft lessor and SMBC Aviation Capital鈥檚 industry-leading capabilities bring scale and financial strength to address the fast-evolving and increasingly complex needs of airline customers. Sumisho Air Lease will further benefit from the Sumitomo Corporation and SMBC Aviation Capital鈥檚 deep expertise in, and long-standing commitments to, the aviation leasing sector.

Takao Kusaka, Group CEO, Transportation & Construction Systems Group of Sumitomo Corporation, said:

鈥淲e are honoured to have reached this significant agreement together with SMBC Aviation Capital, Apollo and Brookfield.

鈥淭hrough this transaction, we will achieve greater scale and profitability, positioning the Sumitomo Corporation Group鈥檚 aircraft leasing business as one of the largest globally in terms of owned and managed aircraft through Sumisho Air Lease鈥檚 highly attractive portfolio centered on new tech aircraft.

鈥淭his will further strengthen our industry standing and enhance our competitive advantage. Sumisho Air Lease will be a core part of the Sumitomo Corporation Group鈥檚 wider investments in the aviation sphere. Sumisho Air Lease鈥檚 inclusion within the shareholder eco-system provides an opportunity to create powerful new synergy.鈥�

Peter Barrett, Chief Executive Officer of SMBC Aviation Capital, said:

鈥淭his transaction is transformational for our business and the leasing landscape. Investing in Sumisho Air Lease, purchasing their orderbook and becoming servicer to the substantial majority of Sumisho Air Lease鈥檚 portfolio will enable us to deploy our financial scale and strength to meet the evolving needs of our customers and take a strategic lead in reshaping our sector.

鈥淚n our sector, economies of scale matter. Our industry is evolving at pace and requires significant and diverse pools of capital so that our airline and investor customers can be provided with the products and services they need.

鈥淎s one of the most well-regarded leasing platforms, with a portfolio focused on liquid, in demand, new tech aircraft, Air Lease presents an attractive opportunity for the co-investors.鈥�

Jamshid Ehsani, Partner, Apollo, said:

鈥淎pollo鈥檚 partnership with SMBC Aviation Capital and Sumitomo Corporation is a testament to our core principle of delivering tailor made, scaled and innovative capital solutions to corporations. This important industry transaction highlights the flexibility of the Apollo鈥檚 long-term insurance capital and our creative approach to high-grade capital solutions. Apollo has a distinguished and established track record in aviation investing, led by our industry experts at Perseus Aviation, and we are pleased to deliver the full strength of the Apollo ecosystem to the success of this transaction.鈥�

Craig Noble, CEO of Brookfield Credit, said:

鈥淲e are pleased to partner with SMBC Aviation Capital and Sumitomo Corporation in this landmark transaction, which highlights Brookfield鈥檚 ability to provide hybrid solutions in an environment with a growing need for private capital. By combining our credit expertise, industry insight, and large-scale capital with the strengths of our strategic partner manager, Castlelake鈥攁 leader in aviation investing鈥攖his transaction demonstrates the value of flexibility and scale in today鈥檚 market.鈥�

Additional Transaction Details

SMBC, Citi, and Goldman Sachs Bank USA have provided $12.1 billion of committed financing in connection with the transaction.

Sumisho Air Lease is expected to receive investment grade ratings from S&P, Fitch and Kroll.

The Board of Directors of Air Lease has unanimously approved the agreement. The transaction is subject to customary closing conditions, including approval by Air Lease鈥檚 common stockholders and receipt of certain regulatory approvals, and is expected to close in the first half of 2026. Air Lease鈥檚 directors and certain executive officers have agreed to vote the shares of common stock held by them in favour of the transaction.

Advisors

Citigroup Global Markets Limited and Goldman Sachs International are acting as financial advisors to SMBC Aviation Capital. Davis Polk & Wardwell LLP and McCann Fitzgerald are acting as legal advisors to SMBC Aviation Capital. Goldman Sachs Japan and Citigroup Global Markets Japan are acting as financial advisors to Sumitomo Corporation. Norton Rose Fulbright is acting as legal advisor to Sumitomo Corporation. Milbank LLP is acting as legal advisor to Apollo and Brookfield.

Notes to editors

About Sumitomo Corporation

Sumitomo Corporation (TYO: 8053) is an integrated trading and business investment company with a strong global network comprising 127 offices in 64 countries and regions. The Sumitomo Corporation Group consists of approximately 500 companies and 80,000 employees on a consolidated basis. The Group's business activities are spread across the following nine groups: Steel, Automotive, Transportation & Construction Systems, Diverse Urban Development, Media & Digital, Lifestyle Business, Mineral Resources, Chemicals Solutions and Energy Transformation Business. Sumitomo Corporation is committed to creating greater value for society under the corporate message of "Enriching lives and the world," based on Sumitomo鈥檚 business philosophy passed down for over 400 years. .

About SMBC Aviation Capital

SMBC Aviation Capital is a leading aircraft lessor globally by number of aircraft and benefits from the strong support of its shareholders Sumitomo Mitsui Financial Group and Sumitomo Corporation. SMBC Aviation Capital has a high-quality global airline customer base with a portfolio comprising 87% narrow-body aircraft and 73% new technology aircraft (by net book value). SMBC Aviation Capital has a strong capital position and holds an A- and BBB+ rating with S&P and Fitch respectively, reflecting the long-term strength of its business. For more information, please visit: .

About Apollo

Apollo is a high-growth, global alternative asset manager. In our asset management business, we seek to provide our clients excess return at every point along the risk-reward spectrum from investment grade credit to private equity. For more than three decades, our investing expertise across our fully integrated platform has served the financial return needs of our clients and provided businesses with innovative capital solutions for growth. Through Athene, our retirement services business, we specialize in helping clients achieve financial security by providing a suite of retirement savings products and acting as a solutions provider to institutions. Our patient, creative and knowledgeable approach to investing aligns our clients, businesses we invest in, our employees and the communities we impact to expand opportunity and achieve positive outcomes. As of June 30, 2025, Apollo had approximately $840 billion of assets under management. To learn more, please visit .

About Brookfield

Brookfield Asset Management (NYSE: BAM, TSX: BAM) is a leading global alternative asset manager, headquartered in New York, with over $1 trillion of assets under management. Brookfield invests client capital for the long term with a focus on real assets and essential service businesses that form the backbone of the global economy. Brookfield offers a range of alternative investment products to investors around the world 鈥� including public and private pension plans, endowments and foundations, sovereign wealth funds, financial institutions, insurance companies and private wealth investors. We draw on Brookfield鈥檚 heritage as an owner and operator to invest for value and generate strong returns for our clients, across economic cycles.

Brookfield Credit manages approximately $332 billion of assets globally as of August 6, 2025, focused on a broad range of private credit investment strategies, including infrastructure, renewables, real estate, asset backed, and corporate credit. Return profiles span investment grade, sub-investment grade, and opportunistic. The business combines Brookfield鈥檚 substantial direct investment platform which has been developed over several decades, alongside Brookfield鈥檚 strategic partners, including Oaktree Capital Management, Castlelake, LCM Partners, 17Capital, and Primary Wave Music. As one of the world鈥檚 largest and most experienced credit managers globally, Brookfield Credit delivers flexible, specialized capital solutions to borrowers, and seeks to achieve attractive risk-adjusted returns for our clients. For more information, please visit our website at .

View source version on businesswire.com:

For more information, please contact:



SMBC Aviation Capital

Conor Irwin, SVP Communications (for media) - +353 87 381 6106

Mark Allen, Head of Corporate Finance (for investors) - +353 87 226 3622



FGS Global (for SMBC Aviation Capital) - [email protected]

Richard Webster-Smith - +44 7796 708551

Rory King - +44 7917 086 227



For Sumitomo Corporation

Corporate Communications Department





For Apollo

Noah Gunn, Global Head of Investor Relations

+1 (212) 822-0540

[email protected]



Joanna Rose, Global Head of Corporate Communications

+1 (212) 822-0491

[email protected]



For Brookfield

Rachel Wood, Vice President, Communications

+1 (212) 618-3490

[email protected]

Source: SMBC Aviation Capital