RBS Divests Its Aircraft Leasing Arm | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Most Recent Daily Episodes

Episode Date

Airborne-Monday

Airborne-Tuesday

 Airborne-Wednesday Airborne-Thursday

Airborne-Friday

Airborne On YouTube

Airborne-Unlimited-05.05.25

Airborne-NextGen-05.06.25

AirborneUnlimited-05.07.25

Airborne-Unlimited-05.01.25

AirborneUnlimited-05.02.25

Wed, Jan 18, 2012

RBS Divests Its Aircraft Leasing Arm

Japanese Bank Outbids Chinese, Wells Fargo

The Royal Bank of Scotland (RBS) is getting out of the aviation leasing business. Bloomberg reports RBS will get about $7.3 billion for a division which currently controls a fleet of 206 aircraft, and has 87 more on order for delivery through 2015. The sale is expected to be complete by the end of this year's third quarter.

The buyer is another bank, Japan's second-largest, Sumitomo Mitsui Financial Group, Inc., which had reportedly been competing with the China Development Bank Corp. and Wells Fargo. The acquisition is said to be a strategy to counter slowing growth in the Japanese domestic market.

The divestiture by RBS is part of a recent move to reduce its non-core holdings by more than $160 billion, or over 60 percent. The bank also cut 4,800 jobs in the process, and has seen its share price rise 23 percent since the first of the year. Gary Greenwood, an analyst at Shore Capital in Liverpool, tells Bloomberg the non-core assets "were long-term assets which aren’t particularly liquid, which meant RBS had to hold quite a bit of capital against them."

FMI: www.rbs.co.uk ; www.smfg.co.jp/english

Advertisement

More News

ANN's Daily Aero-Term (05.07.25): Terminal Radar Service Area

Terminal Radar Service Area Airspace surrounding designated airports wherein ATC provides radar vectoring, sequencing, and separation on a full-time basis for all IFR and participa>[...]

ANN's Daily Aero-Linx (05.07.25)

Aero Linx: Utah Back Country Pilots Association (UBCP) Through the sharing experiences, the UBCP has built upon a foundation of safe operating practices in some of the most challen>[...]

Classic Aero-TV: Anousheh Ansari -- The Woman Behind The Prize

From 2010 (YouTube Edition): Imagine... Be The Change... Inspire FROM 2010: One of the more unusual phone calls I have ever received occurred a few years ago... from Anousheh Ansar>[...]

NTSB Prelim: Bell 206B

(Pilot) Felt A Shudder And Heard The Engine Sounding Differently, Followed By The Engine Chip Detector Light On April 14, 2025, about 1800 Pacific daylight time, a Bell 206B, N1667>[...]

Airborne-NextGen 05.06.25: AF Uncrewed Fighters, Drones v Planes, Joby Crew Test

Also: AMA Names Tyler Dobbs, More Falcon 9 Ops, Firefly Launch Unsuccessful, Autonomous F-16s The Air Force has begun ground testing a future uncrewed jet design in a milestone tow>[...]

blog comments powered by Disqus



Change Display

Headlines Only | Headlines w/ Teasers | View Everything

Advertisement

Top Videos

Airborne 05.09.25: Frecce Tricolori MidAir, A6M3 Zero Returns, Houthis Bombed

Airborne Affordable Flyers 05.08.25: Blackshape Test, Risen, Alto NG Sells Out

Airborne 05.07.25: Talon A-2 Hypersonic, FIFI Under Repair, Spirit Furloughs

See All

Advertisement

Podcasts

Advertisement

© 2007 - 2025 Web Development & Design by Pauli Systems, LC