Air Lease to Be Sold to Sumitomo-Led Group for $7.4 Billion | NYGazet

Air Lease Corp., the aviation finance firm built by industry pioneer Steven Udvar-Hazy, agreed to a $7.4 billion sale to a group led by Sumitomo Corp., adding to consolidation in an sector that plays an increasingly important role in aircraft purchases.

Air Lease Corp., the aviation finance firm built by industry pioneer Steven Udvar-Hazy , agreed to a $7.4 billion sale to a group led by Sumitomo Corp., adding to consolidation in an sector that plays an increasingly important role in aircraft purcha... [341 chars]