In depth view into royal bank of scotland group price to book value including historical data from 2007, charts, stats and industry comps. Jan 17, 2012 rbs aviation capital is a fully integrated aircraft leasing company which was established in 2001 and through organic growth has become the worlds fourth largest aircraft lessor by owned and managed fleet value. Clifford chance advises rbs on the sale of its aviation. Exclusive rbs aviation bars former boss from auction reuters. The leasing market is dominated by gecas and ilfc, but there is a new second tier of lessors emerging, with the smaller players looking to expand rapidly through acquisitions. It is owned by a consortium of leading japanese institutions, sumitomo mitsui banking corporation smbc, sumitomo mitsui finance and leasing company limited smfl and sumitomo corporation. Smbc aviation capital, formerly rbs aviation capital, is one of the worlds largest aircraft leasing companies. It is no surprise that the sale of ilfc has been put on hold. During this period he negotiated and signed contracts for 85. Slattery founded international aviation management group, which was bought by rbs in 2001 as the platform for rbs aviation capital. In 2000 he helped to found magellan air as a specialist regional aircraft lessor before becoming chief technical officer of rbs aviation capital, building an industry leading technical department to manage 250 aircraft. Individual customers going bust is not going to materially affect this business, planes will be returned to ayr and then they can quickly be leased out again, sold off or parted out.
Jul 25, 2011 slattery founded international aviation management group, which was bought by rbs in 2001 as the platform for rbs aviation capital. The transaction helped to raise funds for one of the u. Smbc will have 30 per cent of the company, while sumitomo mutsui financial group will. This is a significant sale for the rbs noncore division, which continues to make good progress in reducing the. Royal bank of scotland group price to book value rbs. Special feature buying and selling aircraft lease and loan. Completion of acquisition of aircraft leasing business from the. Smbc aviation capital chief executive peter barrett.
Royal bank of scotland has appointed goldman sachs to consider a sale or other options for rbs aviation capital, one of the worlds biggest plane leasing businesses, people familiar with the. Our extensive personal banking products include bank accounts, mortgages, credit cards, loans and more. Our principal activity is leasing and trading aircraft, with a clear focus on young commercial jet aircraft of the types most popular with our customers. In depth view into ares capital price to book value including historical data from 2004, charts, stats and industry comps.
At the same time, smbc established aviation capital dept. Rbs aviation capital, an aircraft lessor with headquarters in dublin, placed aircraft with three new customers, transacted 10. Rbs completes aviation sale to smfg rbs aviation capital was established in 2001 after rbs acquired international aviation management group. In late 2009, the company appointed goldman sachs to evaluate a sale of the leasing unit.
The largest customer exposure, which i believe to be south africa airways, is less than 8% of book value and the top 10 customer accounts for around 45% of book value. Goshawk invests in mostly younger aircraft types 3. Aviation strategy lessors tread water waiting for market. The lessor received three a330300s in the first half of the year, which are now leased to singapore airlines, while two a330200s are being delivered in the second half, with oman air contracted to take the. Jan 17, 2012 rbs s aviation division was founded 10 years ago, when the bank acquired international aviation management group, formerly lombard aviation capital. Dealogic the value of global merger and acquisition deals fell to usd 148. Aviation strategy annual survey of the leasing industry. Royal bank of scotland acquires international aviation management group, which becomes lombard aviation capital. May 02, 2020 royal bank of scotland group plc adr company facts, information and stock details by marketwatch. Rbs announces sale of rbs aviation capital to a consortium of. Said to consider sale of aircraft leasing unit the.
View rbs business summary and other industry information. Oct 31, 2012 the largest customer exposure, which i believe to be south africa airways, is less than 8% of book value and the top 10 customer accounts for around 45% of book value. Apr 30, 2020 royal bank of scotland group plc company facts, information and stock details by marketwatch. The royal bank of scotland group plc will sell its aircraft leasing business to a consortium led by sumitomo mitsui financial group inc. It owns, manages or has orders for 372 aircraft and serves. The companys orderbook exclusively comprises 256 newtechnology airbus and boeing. Royal bank of scotland group plc company facts, information and stock details by marketwatch. Dbs to buy royal bank of scotlands indian onshore operations for rs 1,000 crore 14 mar, 2016, 01. Rbs aviation capital was renamed smbc aviation capital. Goldman sachs upgraded royal bank of scotland to buy from neutral and lifted the price target by 5% to 345p on wednesday, citing an attractive valuation and better capital return. Smbc will have 30 per cent of the company, while sumitomo mutsui financial group will have 60 per cent, and sumitomo. Sep 08, 2009 royal bank of scotland has appointed goldman sachs to consider a sale or other options for rbs aviation capital, one of the worlds biggest plane leasing businesses, people familiar with the.
Rbs royal bank of scotland group plc adr profile marketwatch. Goldman upgrades rbs on valuation, better capital return. Bank of england tells banks to use excess capital to help customers yahoo 0420 08. Most of them worked together at dublinbased rbs aviation capital rbc ac. Rbs aviation bars former boss from auction airwise news. Aviation financing is a hot topic and likely to remain so over the coming years, as the demand for financing. Rbs aviation capital is the worlds fourthlargest aircraft leasing company by value, with 250 planes and an usd3. Appendix 1 capital and risk management appendix 2 segmental income statement reconciliations. This is just the latest example in a string of acquisitions in the aviation finance and leasing space including aviation capital group, pk airfinance, dvb banks aviation finance business, apollo aviation, sky leasing, etc. The company was rebranded again in 2004 as rbs aviation capital. Rbs aviation capital whyte on business jet and commercial. Rbs capital resolution rcr became fully operational on 1 january 2014 with a pool of c.
Royal bank of scotland last night finalised the sale of its aircraft. Rbs aviation capital will be acquired for an approximate consideration of usd7. Rbs announces sale of rbs aviation capital to a consortium. Goshawk was founded five years ago, and has 221 aircraft on lease to 64 lessees in 34 countries. Rbs aviation capital is the worlds fourth largest lessor at book value, with total assets of usd7. Rbs aviation capital is a fully integrated aircraft leasing company which was established in 2001 and through organic growth has become the worlds fourth largest aircraft lessor by owned and managed fleet value. Rbs aviation is one of the top five commercial airline lessors, with. Rbs aviation article about rbs aviation by the free dictionary. Smbc capital aviation is one of the worlds leading global aircraft leasing companies. The deal is still subject to regulatory approval and clearance and is expected to be completed in 3q2012.
Overview aircraft lessor aviation capital group corp. We are lowering our ratings on the company, including the corporate. Another deal of the moment is the sale of rbs aviation capital,one of the markets five biggest players, with around 470 aircraft. Rbs aviation capital is the worlds fourth largest aircraft lessor by owned and managed fleet value, including a portfolio of 203 owned aircraft. Rbs royal bank of scotland group plc profile marketwatch. Against this backdrop, the consortium acquired rbss aircraft leasing unit, the. Our strategy is to focus on the most modern, efficient and desirable aircraft types, working closely with. Rbs capital resolution rcr became fully operational on 1 january 2014 with a pool of c29 billion of funded assets with particularly high longterm capital intensity, credit risk andor potentially volatile outcomes in stressed environments.
Rbs aviation capital awas has around 100 employees and a head office in dublin, with other offices in new york, singapore and miami. Many of the bidders for rbs aviation capital more commonly play in the distressed or quasidistressed debt markets, and so are less accustomed to paying full value for a strong, wellrun business like rbs aviation capital. Headquartered in the international financial services centre in dublin and with locations in. Royal bank of scotland group plc adr company facts, information and stock details by marketwatch. Market vs book value wacc definition, benefit, disadvantage. In the past ilfc has been described as a megalessor and although it is an ugly term it is true. The transaction for rbs aviation capital, the worlds fourthlargest aircraft leasing comapny, was agreed in january. Rbs aviation capital is the seventhlargest aircraft lessor in the. Jan 18, 2012 rbs aviation capital will be acquired for an approximate consideration of usd7. Aercap stock soars on takeover rumors the new york times. Ilfc is four times bigger than aviation capital group or rbs aviation capital both large lessors. Avols ceo, domhnal slattery, became the first ceo of rbs ac in 2001 after rbs acquired his aircraft company. Smfg will take around 70 percent of rbs aviation capital, while trading company.
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