RBS Aviation Capital has 'successful quarter'

The Irish Times - Wednesday, April 25, 2012

FIONA REDDAN

RBS Aviation Capital, an aircraft lessor with headquarters in Dublin, placed aircraft with three new customers, transacted 10 deliveries, signed a number of lease agreements, and reported six sales in the first quarter. Deliveries included two Airbus A319-100s to Aer Lingus in January and March.

Peter Barrett, chief executive of RBS Aviation Capital, said it had been “another successful quarter for the company”, noting that he was “particularly pleased” to have delivered aircraft to three new customers. Japanese bank Sumitomo Mitsui acquired RBS Aviation Capital for $7.3 billion (€ 5.8 billion) in January.

Meanwhile, fellow lessor Avolon, which was established by Domhnal Slattery, a founder of RBS Aviation Capital, in 2010, has also released its first quarter update. The aviation leasing company, which has its headquarters in Dublin, said its fleet now exceeded 100 aircraft and that total capital raised had reached $4.6 billion. It also secured commitments from three new lending banks during the quarter. According to Mr Slattery, Avolon remains on track to have a fleet of 150 aircraft by 2014.

Source:  http://www.irishtimes.com