Sumitomo Corp and Partners Complete Acquisition of Air Lease Corp
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 08 2026
0mins
Sumitomo Corporation (SSUMY), SMBC Aviation Capital, Apollo-managed funds (APO) and Brookfield (BN) announced that they have completed the previously announced acquisition of Air Lease Corporation (AL) and have renamed the business Sumisho Air Lease Corporation. The companies said, "This transformational transaction improves the financial position of the business with long term support and aviation expertise from co-investors Sumitomo Corporation, SMBC Aviation Capital, Apollo and Brookfield. Sumisho Air Lease's strong foundation as an established aircraft lessor, supported by SMBC Aviation Capital's industry-leading capabilities as servicer, creates a platform with the scale and financial strength needed to meet the fast-changing and increasingly complex requirements of airline customers. Sumisho Air Lease will also benefit from the deep expertise and long-standing commitment that both Sumitomo Corporation and SMBC Aviation Capital bring to the global aviation leasing sector." As part of the overall transaction, Air Lease's orderbook has now transferred to SMBC Aviation Capital, bringing SMBC Aviation Capital's orderbook with Airbus and Boeing to c. 420 aircraft. SMBC Aviation Capital will be the servicer to the majority of Sumisho Air Lease's portfolio of aircraft, bringing SMBC Aviation Capital's Owned, Serviced and Committed aircraft to over 1700 across over 170 airline Customers. The transaction was originally announced in September 2025, with Sumitomo Corporation, SMBC Aviation Capital, Apollo and Brookfield agreeing to acquire Air Lease for total valuation of approximately $7.4B, or approximately $28.2B including debt obligations to be assumed or refinanced net of cash.
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Analyst Views on APO
Wall Street analysts forecast APO stock price to rise
11 Analyst Rating
10 Buy
1 Hold
0 Sell
Strong Buy
Current: 127.510
Low
136.00
Averages
164.45
High
182.00
Current: 127.510
Low
136.00
Averages
164.45
High
182.00
About APO
Apollo Global Management, Inc. is a global alternative asset manager and a retirement services provider. It operates through three segments: Asset Management, Retirement Services and Principal Investing. The Asset Management segment focuses on three investing strategies: yield, hybrid, and equity. These strategies reflect the range of investment capabilities across its platform based on relative risk and return. The Retirement Services business is conducted by Athene Holding Ltd (Athene), a financial services company that specializes in issuing, reinsuring, and acquiring retirement savings products designed for the increasing number of individuals and institutions seeking to fund retirement needs. Athene product lines include annuities and funding agreements. The Principal Investing segment includes realized performance fee income, realized investment income from its balance sheet investments, and certain allocable expenses related to corporate functions supporting the entire company.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Impact of Redemption Mechanism: Zelter noted that while the funds performed well, he does not expect a 'dramatic decrease' in the redemption rate, as fund managers typically offer to buy back up to 5% per quarter, which may lead to more investors attempting to 'game the system'.
- Investor Behavior Analysis: He mentioned that investors in certain regions accessing the funds through different channels are proving to be 'stickier', indicating that the company is learning who its long-term partners are and who are the short-term 'tourists'.
See More
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