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Business as usual for RBS Aviation Capital, but sale planned
02 March 2009
RBS Aviation Capital is not a core asset for Royal Bank of Scotland, but the bank is not a distressed seller.
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RBS
RBS Aviation Capital
RBS Aviation Capital is to be transferred to a non-core division of Royal Bank of Scotland and will be sold.The Scottish bank is restructuring after announcing a £40.7 billion ($58 billion) pre-tax loss, the largest ever by a UK company. The post-tax loss is £24 billion.Stephen Hester, chief executive of Royal Bank of Scotland, has said the bank will be split into two parts: core businesses and non-core assets and businesses. The UK government, which is now the majority shareholder, has also agreed to...
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