Welcome to our dedicated page for Air Lease SEC filings (Ticker: AL), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Air Lease Corporation (AL) filings document the aircraft lessor's material events, capital structure, governance actions, operating results, and completed corporate transition. Recent 8-K reports record the merger completion, the name change to Sumisho Air Lease Corporation, related material agreements, executive-compensation plan matters, and securities registered as Class A common stock and 3.700% Medium-Term Notes, Series A, due 2030.
The filing record also includes a Form 25 notification covering removal of the company's common stock and notes from New York Stock Exchange listing and registration. These disclosures provide the formal record of the issuer's public-company status change, shareholder and capital-structure matters, governance updates, and recurring aircraft-leasing financial disclosures.
Sumisho Air Lease Corporation reported essentially flat revenue but sharply lower profit for the quarter ended March 31, 2026, while closing a major change in ownership after period-end. Total revenue was $739.2 million, up 0.1% year over year, as higher lease rental income from a 496‑aircraft fleet offset lower aircraft sales and management fees.
Net income attributable to common stockholders fell to $114.8 million, or $1.02 per diluted share, from $364.8 million, or $3.26 per diluted share, mainly because the prior year included a large $331.9 million insurance recovery related to aircraft detained in Russia and higher gains on sales. Cash from operating activities strengthened to $503.3 million, supporting a $28.9 billion owned fleet and $33.2 billion of total assets.
As of March 31, 2026 the company carried $19.9 billion of debt, 99.2% unsecured after the April 8, 2026 merger. That merger converted each Class A share into $65.00 in cash, took the company private under a new holding structure backed by Sumitomo, SMBC Aviation Capital, Apollo and Brookfield, transferred the $11.8 billion undelivered aircraft orderbook to SMBC AC, and installed SMBC AC as exclusive servicer for aircraft leased to non‑U.S. airlines.
Sumisho Air Lease Corporation reported first quarter 2026 results showing largely stable underlying performance but sharply lower GAAP earnings versus a one-time-boosted prior year. Revenue was $739.2 million, essentially flat with $738.3 million a year earlier, while net income attributable to common stockholders fell to $114.8 million, or $1.02 diluted EPS, from $364.8 million, or $3.26 per share, mainly because 2025 included a $331.9 million recovery related to its former Russian fleet.
On a non-GAAP basis, adjusted net income before income taxes was $165.4 million versus $169.5 million, and adjusted diluted earnings per share before income taxes slipped to $1.47 from $1.51. The company ended March 31, 2026 with $28.9 billion of flight equipment subject to operating leases, a 496-aircraft owned fleet, and total assets of $33.2 billion. During the quarter it took delivery of 12 aircraft representing $780 million in investments, sold six aircraft for $275 million in proceeds, and maintained adjusted pre-tax margin near prior-year levels at 22.4%.
Sumisho Air Lease also completed its previously announced merger on April 8, 2026, with Air Lease Corporation becoming an indirect subsidiary of a new holding company jointly owned by Sumitomo Corporation, SMBC Aviation Capital and affiliates of Apollo and Brookfield.
Sumisho Air Lease Corporation, formerly Air Lease Corporation, filed an amendment to its annual report to add governance, director and executive compensation details that were previously expected to appear in a proxy statement. This follows its April 8, 2026 merger, after which the company became an indirect subsidiary of Sumisho Air Lease Corporation Designated Activity Company.
At the merger’s effective time, each outstanding share of Class A common stock was converted into the right to receive $65.00 in cash per share, subject to withholding taxes. The filing describes the replacement of the prior board with three new director‑executives, changes to committee structures, and updated bylaws.
The amendment provides extensive disclosure on 2025 named executive officer pay, including salaries, annual bonuses tied to revenue and adjusted net income before income taxes, and performance‑based and time‑based RSUs. It also outlines stock ownership guidelines, an expanded clawback policy, anti‑hedging and anti‑pledging rules, and the treatment of equity awards and severance around the merger.
Vanguard Portfolio Management reported beneficial ownership of 6,261,881 shares of Air Lease Corp common stock, representing 5.58% of the class. The filing states Vanguard has sole dispositive power over 6,261,881 shares and sole voting power for 12,591 shares. Holdings include shares managed for Vanguard funds and other client accounts.
Sumisho Air Lease Corporation approved a new 2026 Annual Cash Bonus Plan for its officers. The plan, effective April 15, 2026, replaces the company’s 2025 cash bonus plan.
The plan provides annual cash Incentive Awards that are tied to both individual and corporate performance goals. All officers of the company and its subsidiaries may be eligible, but only if specifically designated as Participants by the Board of Directors in its sole discretion.
Sumisho Air Lease Corporation reported a major restructuring following its merger into Takeoff Merger Sub Inc., becoming an indirect subsidiary of Sumisho Air Lease Corporation Designated Activity Company. The company approved a workforce reduction affecting 64 employees, representing a 40% cut versus December 31, 2025 staffing.
Affected employees were notified between April 8 and April 10, 2026, with reductions expected to be completed in the second and third quarters of 2026. Impacted staff are eligible for severance payments based on length of service and continued benefits for a set period, contingent on signing a separation agreement with a general release of claims. The company states it cannot yet reasonably estimate the total costs and will amend this Form 8-K when those estimates are available.
Air Lease Corporation EVP and CFO Gregory B. Willis reported the disposition of 68,923 shares of Air Lease Class A common stock at $65.00 per share, leaving him with no directly held shares after the transaction.
The filing explains this occurred at the effective time of a merger in which a subsidiary of Sumisho Air Lease Corporation Designated Activity Company merged with Air Lease, making it an indirect wholly owned subsidiary. Each outstanding share was automatically cancelled and converted into the right to receive $65.00 in cash. The 68,923 shares reported as disposed include 5,594 unvested restricted stock units, which were cancelled and converted into cash awards that retain the same vesting terms as the original RSUs.
Air Lease Corporation EVP John D. Poerschke reported a full disposition of his Class A common stock in connection with the company’s merger. On the merger’s effective date, 107,778 shares were cancelled and converted into the right to receive $65.00 per share in cash.
The disposition includes 3,973 unvested restricted stock units that were cancelled and converted into cash-based awards at the same $65.00 per share price. These converted cash awards keep the same vesting schedule and conditions that applied to the original RSUs before the merger.