Air Lease Corporation (NYSE:AL) shares climbed 5.5% following news that the aircraft leasing company has agreed to be acquired in a transaction valued at roughly $7.4 billion, or $28.2 billion when accounting for debt.
According to the terms, holders of Air Lease Class A common stock will receive $65.00 per share in cash, equating to a 7% premium over the company’s record closing price on August 28, 2025.
The buyer is a newly established Dublin-based holding firm, whose ownership includes Sumitomo Corporation, SMBC Aviation Capital Limited, and investment entities linked to Apollo-managed funds and Brookfield.
The cash offer also translates to a 14% premium over the volume-weighted average share price during the 30 trading days ending August 29, 2025, and a 31% premium over the average share price across the last 12 months ending the same date.
“After thoughtful consideration, the Board has unanimously determined that this transaction represents the best path forward for our company as it will deliver an immediate premium and certainty in cash value to our Class A common stockholders,” said Steven Udvar-Hazy, Chairman of the Board of Air Lease.
The company’s Board of Directors has given unanimous approval to the agreement.
Air Lease Corporation stock price
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