RBS To Sell Aviation Lease Business
RBS To Sell Aircraft Leasing Business

The Royal Bank of Scotland Group has agreed to sell RBS Aviation Capital to Japan’s Sumitomo Mitsui Banking Corporation (SMBC) for some $7.3 billion, RBS announced today. The final compensation will depend on “certain post closing adjustments,” said RBS in a statement, but future order commitments worth $3.7 billion will transfer with the business. The parties expect to complete the sale by the end of next year’s third quarter.