Royal Bank of Scotland (RBS) is in the process of selecting second-round bidders for its aircraft-leasing business, The Wall Street Journal reports. RBS is seeking to raise between $6 billion and $8 billion from the sale. It had received 10 bids by the September 9 deadline.
A consortium led by Macquarie Group and Terra Firma, which will combine RBS Aviation Capital with existing aircraft-leasing business Awas, may be one of the bidders. The New York–listed Air Lease Corp., Bank of China and General Electric Co. are among those who have bid. RBS appointed Goldman Sachs Group in July to handle the sale process.
Click here for the story from The Wall Street Journal.