Royal Bank of Scotland (RBS) is considering the sale of its
aircraft leasing business as part of an overhaul of its operations,
according to media reports.
The division, RBS Aviation Capital, provides sale and lease-back
as well as other financing arrangements for over 100 airlines in 38
countries worldwide. According to analysts, the business’s owned
assets and lending total £8 billion (€9.2 billion).
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
RBS Group, in which the government holds a 68 percent stake, is
expected to announce losses of up to £28 billion (€31.9 billion) on
February 22, when it reports its annual results.
The Sunday Telegraph believes that the bank will then
launch a search for potential bidders for RBS Aviation Capital.
The bank has been conducting a strategic review of all its
businesses since November, in an attempt to slim down the group to
core and profitable businesses only. RBS chief executive Stephen
Hester has confirmed that he will present an update on the review
alongside the annual results, but that the review will not be
completed until the second quarter of 2009.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
