According to its business strategy presented in February 2022, Standard Chartered today declares that it will to investigate all potential ownership options for its aviation financing division.
“Our aviation finance business is an established global franchise with a differentiating track record of originating and servicing aircraft leasing and loan transactions, high-quality aircraft and loan portfolios, world-class airline relationships, and a proven and respected management team,” said Simon Cooper, Chief Executive Officer of Corporate, Commercial & Institutional Banking and Europe & Americas at Standard Chartered, in response to the announcement. While we continue to concentrate on our commitment to improving shareholder returns and achieving our 2024 targets, we feel that a new owner can drive the next phase of growth.
Pembroke is part of the aviation finance division of Standard Chartered, one of the world’s top businesses for leasing and financing aircraft. It serves airline and financial institution clients in North America, Europe, Asia, Africa, and the Middle East while managing a current fleet of aircraft. The aviation financing sector accounts for about 2% of the overall group revenue and about 1% of the group RWA.
J.P. Morgan Securities plc is assisting Standard Chartered as its financial advisor in connection with a potential acquisition.
Standard Chartered is considering other ownership options for the aviation industry.
- Standard Chartered is considering other ownership options for the aviation industry
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