SMBC-led consortium completes $7.4bn acquisition of Air Lease; enterprise value ~$28.2bn
A consortium led by SMBC Aviation Capital with Sumitomo, Apollo-managed funds and Brookfield has completed its $7.4 billion buyout of Air Lease Corporation, valuing the company at roughly $28.2 billion including debt assumed or refinanced net of cash. The deal materially increases consolidated leasing scale and balance-sheet capacity.