Sumitomo, SMBC, Apollo and Brookfield complete $28.2bn acquisition of Air Lease; Sumisho Air Lease formed
Sumitomo, SMBC Aviation Capital, Apollo and Brookfield have completed a $28.2 billion acquisition of Air Lease Corporation, creating Sumisho Air Lease Corporation with a combined fleet of more than 1,700 aircraft. SMBC will service the majority of the portfolio and secured a $2 billion syndicated facility to support fleet funding.