Air Lease Corporation

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Air Lease Corporation (ALC) was an American aircraft leasing company founded in 2010 and headed by Steven F. Udvar-Házy. Air Lease purchased new commercial aircraft through direct orders from Boeing, Airbus, Embraer and ATR, and leased them to its airline customers worldwide through specialized aircraft leasing and financing. Air Lease provided airlines with net operating leases, which require the lessee to pay for maintenance, insurance, taxes and all other aircraft operating expenses during the lease term. As of March 2024, Air Lease owned 472 aircraft: 354 narrowbody aircraft, and 118 widebody aircraft, in addition to 320 aircraft on order. In September 2025, Air Lease announced that it had entered into a definitive agreement to be acquired by a consortium of Sumitomo Corporation, SMBC Aviation Capital, Apollo, and Brookfield, with the transaction expected to be closed by the first quarter of FY2026, at which point Air Lease Corporation will be renamed Sumisho Air Lease Corporation....

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