A group led by Sumitomo Corp and SMBC Aviation Capital will acquire aircraft lessor Air Lease for $7.4 billion, marking a major shift in an industry where leased planes now make up more than half of the global fleet. Relais & Châteaux is carefully modernizing while expanding into markets like India, China, and Southeast Asia, balancing digital adoption with its commitment to small, family-run hotels that embody authenticity and luxury. Meanwhile, India’s TBO Tek is acquiring U.S. luxury wholesaler Classic Vacations for up to $125 million to strengthen its foothold in the U.S. market and expand its global presence.

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