Recent Updates — AL

Sumisho Air Lease Corporation has commenced an offer to exchange up to $4 billion in aggregate principal amount of its outstanding unregistered senior notes for newly issued, registered notes with substantially identical terms. The company is exchanging $800 million of 4.400% Senior Notes due 2028, $1.2 billion of 4.500% Senior Notes due 2029, $1.5 billion of 4.850% Senior Notes due 2031, and $500 million of 5.500% Senior Notes due 2036. The exchange is intended to fulfill registration rights obligations; no proceeds will be received by the company. The offer expires on December 1, 2026. Sumisho Air Lease Corporation is a global aircraft leasing company that leases liquid and new technology aircraft to airlines worldwide.

David Swan resigned as chief commercial officer and director of Sumisho Air Lease Corporation on October 27, 2026. The company stated the departure was not due to disagreements regarding operations or management policies. Sumisho Air Lease operates in the aircraft leasing industry.

Sumisho Air Lease Corporation reported financial results for the second quarter ended June 30, 2026. The company generated $7.2 million in net income attributable to common stockholders on combined revenues of $641.1 million, a significant decline from $374.1 million in net income and $678.7 million in revenue during the same period last year. This decrease was primarily driven by the absence of a $344.0 million insurance recovery related to its former Russian fleet recognized in 2025, lower rental revenues due to fleet sales, and higher interest expenses following acquisition accounting adjustments. The company ended the quarter with 488 owned aircraft, total assets of $30.5 billion, and debt financing net of discounts of approximately $20.0 billion. In July 2026, Sumisho Air Lease entered into unsecured term loans totaling $1.15 billion to support its operations. The company operates in the global commercial aircraft leasing industry.

Sumisho Air Lease Corporation is amending its previous 8-K to provide an estimate of approximately $53.3 million in costs related to a workforce reduction following its merger with Takeoff Merger Sub Inc. These costs, which include severance payments and benefit continuations, are expected to be incurred during the second and third quarters of 2026. Sumisho Air Lease Corporation is an aircraft leasing company.