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. An attempt by founder of the company and then ceo, steven udvarhazy, to hiveoff a section of the companys portfolio reportedly up to 200 aircraft was unsuccessful. Smbc aviation capital, formerly rbs aviation capital, is one of the worlds largest aircraft leasing companies. Slattery left rbs aviation in 2004 and remained a nonexecutive director there until january 2008. Find the top 100 most popular items in amazon books best sellers. With more than 6,000 model years of identification and values for all types of business and general aviation aircraft, our online database is a valuable resource to do appraisals and valuations quickly and thoroughly. Completion of acquisition of aircraft leasing business from the. As is often the case, share prices of our banks have fallen by approximately 45% over the last month. Aviation strategy lessors tread water waiting for market. Hsbc buys rbs retail, commercial units hsbc has struck a deal with royal bank of scotland rbs to buy its retail and commercial banking business in india at a. Feb 26, 2020 price to book value is a financial ratio used to compare a companys book value to its current market price. Japan makes better hangar for rbs air unit breakingviews.
Rbs aviation capital closes 36 aircraft securitisation, airspeed. The deal valued the assets at 104 percent of book value. Royal bank of scotland group price to book value rbs ycharts. The royal bank of scotland group plc rbs today announces that it has agreed to sell rbs aviation capital to sumitomo mitsui banking corporation smbc, acting on behalf of a consortium comprising its parent, sumitomo mitsui financial group, and sumitomo corporation the consortium. Our extensive personal banking products include bank accounts, mortgages, credit cards, loans and more. By comparison, leasing giant ilfc sold a bundle of 53 aircraft to australias macquarie for just less than book in 2010.
Find out all the key statistics for boeing company the ba, including valuation measures, fiscal year financial statistics, trading record, share statistics and more. There are four of these in common use within the aviation industry. 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. Rbs aviation capital owns or manages 205 aircraft with an average age of four years that are currently placed with 53 airlines, including 18 in europe, 17 in the asiapacific region, 10 in north america, four in latin america, two in africa and two in the middle east. Rbs aviation article about rbs aviation by the free dictionary. With shares trading at less than book value, share buybacks could be a great way to. Awas has 122 aircraft on order exactly the same as a year ago. Smbc aviation capital, formerly rbs aviation capital, is one of the worlds largest aircraft. The fact that rbss fleet is relatively modern mostly under five years old will have added some gloss. Recent transaction comp is the sale of rbs aviation. The royal bank of scotland group plc will sell its aircraft leasing business to a consortium led by sumitomo mitsui financial group inc. An aircraft blueboook is a bluebook value guide for used aircraft.
The book value is essentially the tangible accounting value of a firm compared to the market value that is shown. 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, a. Jan 17, 2012 the royal bank of scotland group plc rbs today announces that it has agreed to sell rbs aviation capital to sumitomo mitsui banking corporation smbc, acting on behalf of a consortium comprising its parent, sumitomo mitsui financial group, and sumitomo corporation the consortium. History in the space of 20 years ireland has established itself as a major operational base for 14 of the 15 largest aircraft leasing companies globally, most of which are headquartered here. Rbs is selling various noncore assets in a bid to shrink its business and focus on its core british retail and commercial banking business. Gama aviation plc, one of the worlds largest business aviation service providers, is pleased to announce the conditional acquisition of aviation beauport limited. Rbs winding down operation in malaysia the edge markets. The acquisition of rbss aircraft leasing unit, the fourth largest in the world in terms of book value, will enable sumitomo to further expand and develop the business in.
The aircraft bluebook online database provides valuable industry information that has been available in our print editions for over 50 years. Response boatsmall ii united states coast guard auxiliary. However, the outstanding order book has eased back slightly, with new orders from ilfc and others being outstripped by deliveries and cancellations, so that there are currently 1,171 outstanding orders from lessors, compared with 1,189 as of 12 months ago see aviation strategy, september 2010. Price to book value is a valuation ratio that is measured by stock price book value per share. In an effort to raise additional capital, royal bank of scotland group. Rbs announces sale of rbs aviation capital to a consortium. When this occurs, you can expect us to purchase the names with the most. Rbs announces sale of rbs aviation capital to a consortium of. Its aviation business is its largest and fastestgrowing source of profit and thus, the biggest source of longterm risk. 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. He is an avid stockmarket watcher and a value investor at heart. Rbs aviation article about rbs aviation by the free. Aercap stock soars on takeover rumors the new york times.
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. Book value is an accounting term denoting the portion of the company held by the shareholders at accounting value not market value. Royal bank of scotland online bank accounts, mortgages. Rbs aviation capital is the worlds fourth largest aircraft lessor by owned and managed fleet value, including a portfolio of 203 owned aircraft. Rbs aviation capital is profitable and the worlds no. All are overall excellent or better unless stated otherwise. 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. At these kind of numbers not much has to go right for investors to make good money. Goldman upgrades rbs on valuation, better capital return. One of these big airlines with no passengers, rbs aviation, was. In late 2009, the company appointed goldman sachs to evaluate a sale of the leasing unit. In other words, book value is the companys total tangible assets less its total liabilities. Special feature buying and selling aircraft lease and loan.
When contacted, rbs confirms that the banking group is leaving the. Royal bank of scotland group plc share price rbs ord. The royal bank of scotland has hired goldman sachs to consider a sale of or other options for rbs aviation capital, one of the worlds biggest plane leasing businesses, news reports said tuesday, citing unnamed sources the process is at an early stage, reuters reported, citing its unnamed source. Jan 17, 2012 yet sumitomo paid 4 percent above book value for the leasing business. New investors are already entering this space as aviation finance is an asset class. In depth view into royal bank of scotland group price to book value including historical data from 2007, charts, stats and industry comps. 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. Exclusive rbs aviation bars former boss from auction. Sumitomo would take around 70 percent of the leasing business, called rbs aviation capital, with. Rbs aviation bars former boss from auction reuters.
Against this backdrop, the consortium acquired rbss aircraft leasing unit, the fourth largest player in the world in terms of book value, and. Exclusive rbs aviation bars former boss from auction reuters. The acquisition of rbss aircraft leasing unit, the fourth largest in the world in terms of book value, will enable sumitomo to further expand and. Rbs aviation is one of the top five commercial airline lessors, with. Royal bank of scotland group price to book value rbs. Aircraft resale value added comparison victor aviation. The coast guard accepted delivery of the final rb s ii in jeanerette, louisiana, nov. Analysts are wrong about the biggest risk for ge stock the.
A chunk of the aircraftmakers bulging order books is from leasing. 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. Aig was reportedly unwilling to sell the unit at a major discount to its book value and will instead restructure it. In june this year, the three firms acquired royal bank of scotland group plc. The company can realize this value by generating profits when planes are sold. This is a significant sale for the rbs noncore division, which continues to make good progress in reducing the. Aviation strategy the lessors react to growing fleet. The acquisition of rbs s aircraft leasing unit, the fourth largest in the world in terms of book value, will enable sumitomo to further expand and develop the business in asia and other. The latest royal bank of scotland group plc rbs ord gbp1 share price rbs. Hsbc buys rbs retail, commercial units the economic times. This is done using simple text files called cookies which sit on your computer.
Rbs aviation bars former boss from auction airwise news. 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. Rbs aviation capital is the worlds fourthlargest aircraft leasing company by value, with 250 planes and an usd3. Ayr has done a good job of growing book value over the last 6 years whilst continuing to grow its diversified revenue streams via long term lease. Aercaps shares were valued at 120% of tangible book value and. Clifford chance advises rbs on the sale of its aviation. Jan 17, 2012 the acquisition of rbs s aircraft leasing unit, the fourth largest in the world in terms of book value, will enable sumitomo to further expand and develop the business in asia and other. Nordic aviation capital nac is a commercial aircraft leasing company. The coast guards 370th, and final, response boatsmall ii rb s ii entered the water for the first time following delivery to station honolulu, hawaii, in december 2019. Royal bank of scotland group plc ord 100p is listed on the london stock exchange, trading with ticker code rbs. In order to deliver a personalized, responsive service and to improve the site, we remember and store information about how you use it. Said to consider sale of aircraft leasing unit the. Aircraft bluebook price digest, aircraft value reference vref, and airliner price guide are paidsubscription publications.
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