The acquisition closed on April 8, 2026 (SEC 8-K 2.01). Its last closing price was on April 7, 2026. It has left the AI-ranked universe. The score and rank below are its final ones, from March 30, 2026. Source: SEC 8-K 2.01
AIR LEASE CORP AL
NYSEMid CapIndustrials
Final 13F Pro quality score
Final rank #126 of 2,796 · as of March 30, 2026TOP 5%
AI-extracted from the 10-Q filed 2026-08-10 — Q2 2026 (quarter ended June 30, 2026) — Non-GAAP combined Successor (Apr 8–Jun 30) + Predecessor stub (Apr 1–Apr 7) due . Every figure is machine-verified against the filing text on SEC EDGAR.
Air Lease completed its $11.9B take-private merger with Sumisho Air Lease DAC on April 8, 2026, becoming a private subsidiary; Non-GAAP combined quarterly revenue fell 12% YoY to $641.1M.
Biggest Revenue Drivers
Total rental of flight equipment revenue$611.0M-10.0% YoY
Lower weighted-average net book value of flight equipment from orderbook sale to SMBC AC and continued aircraft sales activity.
Gain on aircraft sales and trading and other income$30.1Mvs $53.0M PY
Lower gains due to acquisition-accounting fair value resets (no gain on 7 aircraft sold post-Merger) and fewer managed aircraft.
Biggest Revenue Drivers
Total revenue: $641.1M-12% YoY
Total rental of flight equipment revenue$611.0M-10.0% YoY
Lower weighted-average net book value of flight equipment from orderbook sale to SMBC AC and continued aircraft sales activity.
Within Total rental of flight equipment revenue
Lease rentals$607.4M-6% YoY
Net book value of flight equipment fell to $23.9B from $29.1B a year earlier.
Maintenance rentals and other receipts$3.7Mvs $31.0M PY
Lower end-of-lease revenue recognized ($2.7M vs $20.3M in prior-year quarter).
Gain on aircraft sales and trading and other income$30.1Mvs $53.0M PY
Lower gains due to acquisition-accounting fair value resets (no gain on 7 aircraft sold post-Merger) and fewer managed aircraft.
Largest Expense Items
Selling, general and administrative$110.2M+121% YoY
Includes $64.8M of non-recurring Merger-related transaction expenses.
Stock-based compensation expense$26.6M+110% YoY
Acceleration of converted RSU/PSU cash awards tied to a previously disclosed workforce reduction.
Margins: Adjusted pre-tax margin fell to 19.7% from 21.5% YoY on lower revenue and higher interest expense; GAAP pre-tax margin distorted (1.8% vs 66.5% PY) by absence of the prior-year $344M Russian fleet insurance recovery.
Watch Items from the Filing
Merger closed April 8, 2026: Air Lease was taken private for $65.00/share cash ($11.9B total consideration), delisted from NYSE; common equity is no longer public.
Company no longer holds an OEM orderbook (transferred to SMBC AC for $1.5B), which management flags may increase re-leasing and residual value risk on future fleet renewal.
Debt-to-equity ratio is 3.3x (3.5x adjusted) versus a long-term target of 3.0x; post-Merger strategy is explicitly deleveraging via aircraft sales rather than growth.
Held-for-sale aircraft surged to 86 planes/$5.1B carrying value (from 12/$529M at YE2025), including $2.3B and $2.1B portfolios to related parties Perseus (Apollo affiliate) and Castlelake (Brookfield affiliate).
Top five lessees each represent 5.4%-6.5% of net book value (Air France-KLM, ITA, Virgin Atlantic, Aeromexico, Korean Air), indicating limited single-customer concentration across 97 airlines in 51 countries.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
About AIR LEASE CORP (AL): stock profile, AI score and financials
Acquired by Sumitomo Corporation: AIR LEASE CORP (AL) no longer trades and has left 13F Pro's AI-ranked universe. The acquisition closed on April 8, 2026 (SEC 8-K 2.01). Its last closing price was on April 7, 2026. It has left the AI-ranked universe. The score and rank below are its final ones, from March 30, 2026. AIR LEASE CORP (AL) stock profile, AI quality score, and SEC EDGAR financial data, a Industrials sector company. 13F Pro tracks AL using direct SEC EDGAR data and AI-powered research tools. Based on the latest XBRL financial filings (Q2 2026), AIR LEASE CORP reports quarterly revenue of $575.3M, net income of $-7.7M, an operating margin of -1.6%. AL trades on the NYSE exchange and files with the SEC under CIK 1487712. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate AL daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for AIR LEASE CORP directly from SEC EDGAR.