Royal Bank of Scotland, parent of Citizens Bank of Connecticut, is considering a new attempt at selling its aircraft leasing division RBS Aviation Capital, Reuters reports, citing sources.
RBS Aviation Capital serves 100 airline customers in 38 countries and has total lending and owned assets of $12 billion, Reuters reports, citing the bank’s Web site.
However, the division — acquired at the start of the decade as RBS embarked on an expansion programme — is considered a non-core part of RBS, which is 83 percent owned by the UK government after a bailout during the financial crisis.
“It is no secret that the bank is constantly considering options for its non-core assets,” said one source.
The company has already looked into selling RBS Aviation Capital but it put the disposal on hold in 2010, a person familiar with the matter told Reuters at the time.
Officials at RBS could not be immediately reached for comment.
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