KBRA Releases Surveillance Report for Sumisho Air Lease Corporation

On April 8, 2026, KBRA affirmed the issuer and senior unsecured debt ratings of A- for Takeoff Merger Sub Inc., an entity that completed its merger with Air Lease Corporation ("AL" or “Air Lease”, a global aircraft leasing company based in Los Angeles, California). The surviving entity was renamed Sumisho Air Lease Corporation (“SALC”). KBRA also affirmed the preferred shares rating of BBB and the short-term debt rating of K1 for SALC (previously Air Lease) as well as the senior unsecured debt rating of A- for the sukuk trust certificates issued by Air Lease Corporation Sukuk Limited, a wholly-owned subsidiary of SALC. In addition, KBRA affirmed the issuer and senior unsecured debt ratings of A- for Sumisho Air Lease Finance Corporation (the 100% owner of SALC). The Outlook for all long-term ratings is Stable.

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