Airplane leasing world shrinks with $7.4 billion takeover of Air Lease
Air Lease agreed to sell itself in a deal that would take it private to a group of investors for $7.4 billion . Shareholders would receive $65 per share, a nearly 8% premium to Friday's close . A shortage of aircraft in recent years has pushed rental rates to records for both new and older models alike . The take-private deal underscores a wave of consolidation in the industry .
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