Air Lea

Sumisho Air Lease holds investment grade ratings (S&P/Fitch/Kroll BBB/A‑), is roughly 99% unsecured, reported GAAP D/E near 3.3x and had approximately 3.5 billion of available liquidity at June 30, 2026. 2025 operating cash flow was 1.73 billion. Leverage is intrinsic to aircraft leasing and interest cost has trended higher.

Liquidity, parent‑aligned funding access and diversified unsecured debt reduce refinancing risk, while planned portfolio sales support deleveraging, albeit with lower asset base and committed rentals. Net debt remains substantial and interest rate sensitivity is present, keeping this score below the highest tier.