SMFG completes acquisition of US-based Air Lease Corporation

Sumitomo Corporation now holds 47.51% of voting rights.

Sumitomo Mitsui Financial Group, including its banking and leasing units, have completed its acquisition of Air Lease Corporation.

Air Lease Corporation is a leading US-based aircraft leasing company, SMFG said in a press release. The acquisition was first announced in September 2025.

Post-closing, Sumitomo Corporation now holds 47.51% of voting rights and 37.51% of economic interest in Air Lease Corporation.

Meanwhile, SMBC Aviation Capital holds 4.99% of voting rights and 24.99% of economic rights in the company.

“All conditions precedent including regulatory approvals and clearances from the relevant authorities have been satisfied and the acquisition has been completed,” SMFG said.