18 Sep 2025
#3 September 2025: Irish Aircraft Leasing Newsletter
Sumitomo, SMBC Aviation Capital, Apollo, and Brookfield to Acquire Air Lease Corporation
Sumitomo Corporation, SMBC Aviation Capital, Apollo-managed funds, and Brookfield have jointly announced a definitive agreement to acquire Air Lease Corporation in a 100% cash transaction. Air Lease, founded by Steven F. Udvar-Házy and John L. Plueger, has a globally recognised portfolio focused on new-technology aircraft.
Upon completion, the company will be renamed Sumisho Air Lease. The deal includes the transfer of Air Lease’s aircraft orderbook, while SMBC Aviation Capital will act as servicer for the majority of Sumisho Air Lease’s portfolio. The transaction, which is subject to shareholder and regulatory approvals, is expected to close in H1 2026.
Peter Barrett, CEO of SMBC Aviation Capital, stated:
“This transaction is transformational for our business and the leasing landscape. With economies of scale being critical in our industry, acquiring Sumisho Air Lease’s orderbook and servicing rights enables us to deploy capital at scale and reshape the sector. Air Lease’s modern portfolio and reputation make this a compelling strategic fit.”
JLPS Ireland Appoints Colin Joyce as Chief Executive Officer
JLPS Ireland Limited, the Dublin-based subsidiary of JP Lease Products and Services Co., Ltd., has announced the appointment of Colin Joyce as its new Chief Executive Officer, effective 1 October 2025. Joyce is a seasoned aviation finance professional with over 25 years of experience, including senior roles at GECAS, NAC Aviation Capital, and Asia Aviation Capital.
Notably, Joyce was a founding executive of JLPS Ireland and played a key role in the company’s early growth. His return signals a renewed focus on international expansion and deeper integration with the parent company’s global leasing strategy.
Teiji Ishikawa, President & CEO of JP Lease Products and Services Co., Ltd., said:
“Colin was instrumental in establishing JLPS Ireland, and we are delighted to welcome him back as CEO. His leadership and deep industry knowledge will drive our next phase of growth, especially as we continue to scale our JOL and JOLCO platform globally.”
Acumen’s Take
On the Air Lease Corporation Acquisition
This multi-party acquisition is among the largest and most consequential M&A moves in recent leasing history. SMBC Aviation Capital’s strategic positioning as servicer and co-investor signifies a long-term bet on scaling asset management while enhancing orderbook access. The deal reinforces consolidation trends and the growing importance of deep-pocketed, multi-investor syndicates in the aircraft leasing market.
On JLPS Ireland's Leadership Change
Colin Joyce’s reappointment at JLPS Ireland marks a return to foundational leadership at a time when JOL and JOLCO structures are gaining global relevance. With Ireland continuing to serve as a key leasing hub, JLPS’s investment in seasoned leadership reflects strong intent to capitalise on demand for structured leasing solutions amid tightening capital markets.
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