TOKYO -- A consortium led by Japanese trading house Sumitomo Corp. announced on Tuesday that it will acquire U.S.-based Air Lease Corp., one of the world's largest aircraft lessors, for $7.4 billion.
Business deals
Sumitomo-led group to acquire US-based Air Lease for $7.4bn
Deal will make trading house and its partners a leading global aircraft lessor
Sumitomo will team with Sumitomo Mitsui Finance and Leasing, U.S. investment fund Apollo and Canada's Brookfield to acquire Air Lease for $7.4 billion. (Photo by Kosaku Mimura)
Read Next
Latest on Business deals
