09:29 AM EDT, 09/02/2025 (MT Newswires) -- umitomo Corporation, SMBC Aviation Capital, Apollo managed funds and Brookfield announced Tuesday that they have reached a definitive agreement to acquire Air Lease Corporation, ab aircraft lessor 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 US$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's 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.