City financier Guy Hands has emerged as a likely bidder for
Aviation Capital, which is valued at up to $6.8 billion (£4.2
billion), according to press reports.
The Dublin-based aircraft leasing and
management business, which has total lending and owned assets of
$12 billion, has been put up for sale by Royal Bank of Scotland to
reduce the bank’s balance sheet, report
RBS chief executive Stephen Hester has hired
Goldman Sachs, the investment bank to advise, the
A spokesman for RBS Aviation Capital said it
did not comment on “media speculation”.
Hands would combine RBS Aviation Capital, the
fourth largest aircraft leasing companies in the world by fleet
value, with Awas, another Dublin-based plane leasing company that
Terra Firma has owned since 2006.
Hands is likely to face competition from
Asian-based rivals, with BOC Aviation, the aircraft lesser owned by
Bank of China, already indicating that it would bid given the right
terms, the Telegraph said.