Sale of RBS Aviation Capital

Sale of RBS Aviation Capital

The Royal Bank of Scotland Group plc (RBS) has completed the previously announced sale of RBS Aviation Capital, its aircraft operating lease company, to a consortium led by Sumitomo Mitsui Financial Group, Inc. (SMFG) for approximately $7.3bn.

RBS Aviation Capital is the world’s fourth largest aircraft lessor by owned and managed fleet value, including a portfolio of 203 owned aircraft.

This is a significant sale for the RBS Non-Core division, which continues to make good progress in reducing the £258bn of assets it held at its inception in 2009. Since then, those assets have been reduced by £175bn to £83bn, as reported in the bank's first quarter results this year.

The proceeds from the Aviation Capital sale were not included in the first quarter figures. 

"I am delighted to confirm the sale of RBS Aviation Capital to SMFG and Sumitomo Corporation. They will be good owners of this business and have worked hard with us to ensure the deal was completed quickly and smoothly."

Rory Cullinan, CEO of RBS Non-Core division

Latest news

Royal Bank of Scotland hosts ‘Easy Wins Live’ event

The event explored today’s ‘always on’ world and the pressure Scots face as they struggle to balance life inside and outside of work.

To win the fight against fraud and scams, it is vital to educate young people.

Primary school children in Currie, Edinburgh put on their detective hats last week to learn more about fraud and scams thanks to the Royal Bank of Scotland MoneySense programme. Les Matheson, CEO of Personal Banking, tells us why it’s so important to financially educate young people.

New NatWest debit cards now accessible for all customers

New card features are being rolled out from today with all cards having a notch and raised dots.

Set Tab for lightbox