The Royal Bank of Scotland’s historic High Street retail presence sometimes causes amusing reactions to attendance at air shows by the bank’s aerospace and defence industry financing business.
Daniel Hickey, head of asset management, aerospace and defence, recalls how colleagues in Germany were approached by a woman with a query about her credit card. And in the course of an interview at the company stand (W404) another passer-by remarked on the fact the bank manages their pension.
But Donal Boylan, head of aerospace and defence in the structured asset finance division, underlines just how significant a player RBS Aviation Capital is, with $10.8 billion in commercial airline funding since 9/11, and a third place global ranking.
The bank has recently moved into engine financing and leasing, and completed the single largest global spare engine financing financing of Emirates GE90 and Rolls-Royce Trent fleet, an amount in excess of $300 million.
The RBS corporate jet finance division has recorded $1.2 billion in corporate VIP jet funding since 9/11.
On the back of several recent high profile corporate jet and VIP aircraft business for clients in the UAE and Saudi Arabia, RBS is optimistic about positive response to attendance at the Dubai show.
As a complementary business RBS launched a Super Yacht financing business, for vessels more than 24m (78ft) in length, at the recent Monaco boat show. Final agreement is close to being made on funding for the first vessel of over 100m length for a Middle Eastern client.
Daniel Hickey, head of asset management, aerospace and defence, recalls how colleagues in Germany were approached by a woman with a query about her credit card. And in the course of an interview at the company stand (W404) another passer-by remarked on the fact the bank manages their pension.But Donal Boylan, head of aerospace and defence in the structured asset finance division, underlines just how significant a player RBS Aviation Capital is, with $10.8 billion in commercial airline funding since 9/11, and a third place global ranking.
The bank has recently moved into engine financing and leasing, and completed the single largest global spare engine financing financing of Emirates GE90 and Rolls-Royce Trent fleet, an amount in excess of $300 million.
The RBS corporate jet finance division has recorded $1.2 billion in corporate VIP jet funding since 9/11.
On the back of several recent high profile corporate jet and VIP aircraft business for clients in the UAE and Saudi Arabia, RBS is optimistic about positive response to attendance at the Dubai show.
As a complementary business RBS launched a Super Yacht financing business, for vessels more than 24m (78ft) in length, at the recent Monaco boat show. Final agreement is close to being made on funding for the first vessel of over 100m length for a Middle Eastern client.
Source: Flight Daily News
