StanChart to sell jet leasing arm to Saudi wealth fund unit for $3.6 billion | Business Information & News | Westlaw

StanChart to sell jet leasing arm to Saudi wealth fund unit for $3.6 billion | Business Information & News | Westlaw

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8/28/23 REUTERS 12:58:01
REUTERS
Copyright (c) 2023 Thomson Reuters
August 28, 2023
StanChart to sell jet leasing arm to Saudi wealth fund unit for $3.6 billion
Rishav Chatterjee
Rishav Chatterjee; Bengaluru
Mark Potter
Shounak Dasgupta
(Reuters) -Standard Chartered said on Monday it was selling its global aviation finance leasing business to Saudi Arabia-based AviLease for about $3.6 billion, as part of a drive to streamline its operations.
AviLease will pay an initial consideration...
---- Index References ----
Company: Standard Chartered Aviation Finance; STANDARD CHARTERED PLC
News Subject: (Funding Instruments (1FU41); Private Equity (1PR15))
Industry: (Aerospace (1AE56); Aerospace & Defense (1AE96); Commercial Aircraft (1CO01); Financial Services (1FI37); Fixed-Wing & Helicopters (1FI11); Transportation (1TR48); Transportation Industry Highlights (1TR49))
Region: (Arab States (1AR46); Gulf States (1GU47); Middle East (1MI23); Saudi Arabia (1SA38))
Language: EN
Other Indexing: (Aircraft Leasing Co; Corporate, Commercial & Institutional Banking and Europe & Americas; Saudi Public Investment Fund; Riyadh Air; Standard Chartered Aviation Finance; StanChart)
Keywords: ma; banking; banking; banking
Word Count: 381
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