Industry consolidation accelerates! Aviation leasing giant Air Lease (AL.US) is being acquired for $7.4 billion and will be delisted and privatized.

According to Zhitong Finance APP, the aircraft leasing company Air Lease (AL.US) founded by industry tycoon Steven Udvar-Hazy has agreed to be sold to an investor consortium for $7.4 billion. This move will privatize the company and indicate further consolidation in the aircraft leasing industry.