RBS Aviation Capital
Encyclopedia
RBS Aviation Capital is the world's fourth largest aircraft leasing company, based in Dublin, Ireland
.
A member of the Royal Bank of Scotland Group, the company has 90employees based in 38 countries, serving 100 airline including Air China
, BMI
, EasyJet
and Virgin Atlantic. It presently has:
During the Financial crisis of 2007–2010, the company cancelled an order for 25 Boeing 787 Dreamliner's, worth at least $3.8bn at list price. In July 2010 at the Farnborough Airshow, it announced a $7.6bn order for 52 Airbus A320
's and 43 Boeing 737-800's.
The unit is presently designated part of RBS non-core activity, and scheduled to be sold as part of the groups restructuring. The sale of the unit was placed on hold in April 2010, pending "cyclical pickup in the aviation industry." Several key managers left to join Avolon
.
Ireland
Ireland is an island to the northwest of continental Europe. It is the third-largest island in Europe and the twentieth-largest island on Earth...
.
A member of the Royal Bank of Scotland Group, the company has 90employees based in 38 countries, serving 100 airline including Air China
Air China
Air China is the flag carrier and one of the major airlines of the People's Republic of China. Based in Beijing Capital International Airport, Air China is the world's 10th largest airline by fleet size. The airline ranked behind its main competitors China Southern Airlines and China Eastern...
, BMI
Bmi (airline)
British Midland Airways Limited , is an airline based at Donington Hall in Castle Donington in the United Kingdom, close to East Midlands Airport, and a fully owned subsidiary of Lufthansa...
, EasyJet
EasyJet
EasyJet Airline Company Limited is a British airline headquartered at London Luton Airport. It carries more passengers than any other United Kingdom-based airline, operating domestic and international scheduled services on 500 routes between 118 European, North African, and West Asian airports...
and Virgin Atlantic. It presently has:
- Ownership or management of, or orders for, 372 aircraft
- Loans secured against over 320 commercial aircraft
- Total lending and owned assets of $12 billion
During the Financial crisis of 2007–2010, the company cancelled an order for 25 Boeing 787 Dreamliner's, worth at least $3.8bn at list price. In July 2010 at the Farnborough Airshow, it announced a $7.6bn order for 52 Airbus A320
Airbus A320
The Airbus A320 family is a family of short- to medium-range, narrow-body, commercial passenger jet airliners manufactured by Airbus Industrie.Airbus was originally a consortium of European aerospace companies, and is now fully owned by EADS. Airbus's name has been Airbus SAS since 2001...
's and 43 Boeing 737-800's.
The unit is presently designated part of RBS non-core activity, and scheduled to be sold as part of the groups restructuring. The sale of the unit was placed on hold in April 2010, pending "cyclical pickup in the aviation industry." Several key managers left to join Avolon
Avolon
Avolon is an aircraft leasing company based in Ireland. It was founded in May 2010 by Domhnal Slattery, with initial capital of US$1.4 billion. Since launch Avolon has raised US$4 billion of capital which includes an equity commitment of US$1.4 billion from the four leading international investors:...
.