Air Lease Receives Final Regulatory Approval for Merger with Sumitomo-Led Consortium

Air Lease Corporation (NYSE: AL) has officially received the final regulatory approval necessary to finalize its previously announced merger. The transaction involves a merger with a subsidiary of Sumisho Air Lease Corporation DAC, an entity owned by a prominent consortium including Sumitomo Corporation and SMBC Aviation Capital. This consortium also includes funds managed by Apollo and Brookfield, strengthening the company's new capital structure. The receipt of this approval marks the completion of a mandatory condition required to finalize the acquisition and transition the company to its new ownership. Market analysts view this development as a critical milestone that significantly reduces deal-completion risk. Consequently, the stock price is expected to align more closely with the acquisition valuation as the closing date approaches.