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00:03Airlease agreed to sell itself to a group of investors led by Japan's Sumitomo and SMBC
00:08Aviation Capital in a $7.4 billion deal that will take the company private, according to CNBC.
00:15Shareholders in the Los Angeles-based firm, founded by industry pioneer Stephen Udvar-Hazy,
00:20will receive $65 per share, an almost 8% premium to Friday's close.
00:25Including debt, the transaction values the aircraft lessor at $28.2 billion.
00:31The acquisition highlights ongoing consolidation in the sector, which has seen major deals in recent years.
00:38Airlease is expected to complete the deal in the first half of 2026, with headquarters moving to Dublin.
00:43For all things money, visit Benzinga.com.
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