RBS Resumes Aviation Unit Sale
Royal Bank of Scotland has reopened the sale of its aircraft leasing business.
Royal Bank of Scotland has reopened the sale of its aircraft leasing business, The Wall Street Journal reports. RBS Aviation Capital was initially expected to be sold in 2009 but the plan was shelved due to poor market conditions.
The business has a total value of about $6.8 billion. Goldman Sachs will manage the sale. The move is part of RBS’ strategy to unload noncore assets amid tougher regulation and solvency rules.
Click here for the story from The Wall Street Journal.