Airplane leasing world shrinks with $7.4 billion takeover of Air Lease
1. Air Lease agrees to sell for $7.4 billion to private investors. 2. The acquisition indicates increased consolidation in the aircraft leasing sector. 3. Air Lease shareholders will receive an 8% premium at $65 per share. 4. High aircraft rental rates persist due to a shortage in supply. 5. Spirit Airlines has filed for Chapter 11 bankruptcy, reflecting market challenges.