I got my black leather sleeve in the mail this afternoon. While I don't have my 10.5 to test it yet, my iPad Air 2 with Apple Leather Smart Case (full case, both front and back) fit in with plenty of room to spare. Hoping that means 10.5 with Smart Keyboard will fit as I see conflicting answers right now on the questions section on Apple's website. BTW the leather is very nice. Nicer than the leather used for the covers and cases IMHO. Not sure if it's $129 nice, but it is really nice and has a nice leather smell.