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RBS sells aviation firm for $7.3bn

The bank sold RBS Aviation Capital as part of a deleveraging plan
The bank sold RBS Aviation Capital as part of a deleveraging plan

Royal Bank of Scotland has sold a Dublin-based aviation leasing business for $7.3 billion.

The company employs 70. It has been sold to Sumitomo Mitsui Financial Group.

The bank sold RBS Aviation Capital as part of a deleveraging plan to dispose of non-core assets.