Air Lease announced stockholder approval of the merger agreement with Sumitomo Corporation, SMBC Aviation Capital, Apollo, and Brookfield.
The merger agreement entails Air Lease being acquired by a new holding company named Sumisho Air Lease Corporation DAC based in Dublin, Ireland.
Upon closing, Air Lease will be renamed Sumisho Air Lease Corporation, with shareholders receiving $65.00 in cash for each share of Class A common stock.
Stockholder Approval
Approximately 80.7% of Class A common stockholders voted in favor of the merger agreement.
Closing Timeline
The transaction is expected to close in the first half of 2026, subject to closing conditions.
Forward-Looking Statements
The press release included forward-looking statements about the merger and its potential impact.
- The approval marks a significant milestone for Air Lease, positioning the company for a new phase of growth under the Sumisho Air Lease Corporation.
- The merger is expected to enhance Air Lease's market position by consolidating with key industry players.
The stockholder approval sets Air Lease on a path towards completing a transformative merger that aligns with its strategic objectives. The company anticipates the merger to bring valuable benefits and opportunities for growth in the aviation leasing industry.