Air Lease Corporation Enters into Merger Agreement with Sumitomo Corporation, SMBC Aviation Capital, Apollo and Brookfield

(NYSE:AIR) LOS ANGELES--(BUSINESS WIRE)--Air Lease (NYSE: AL) (“Air Lease”) announced today that it has entered into a definitive agreement to be acquired by a new holding company based in Dublin, Ireland, whose shares are held by Sumitomo Corporation, SMBC Aviation Capital Limited, and investment vehicles affiliated with Apollo managed funds (“Apollo”) and Brookfield. Under the terms of the merger agreement, at the closing of the transaction, Air Lease stockholders will receive $65.00 in cash for each sh