Air Lease profits surge
Ahead of the expected H1 2026 closing of its merger with Sumisho Air Lease (which will be owned by Sumitomo Corporation, SMBC Aviation Capital Limited, and affiliates of Apollo Capital Management, L.P. and affiliates of Brookfield Asset Management Ltd), Air Lease has reported another strong quarter as it recorded year-on-year rent revenue growth of 9% thanks to the continued growth of its fleet (it ended the quarter with 503 owned aircraft) and an increase in its portfolio lease yield. Year-on-year net income was up almost 47% thanks to higher rental revenues and its latest Russia-related insurance settlement.

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Vol. 15 Issue 23 of Aviation Finance