Sumitomo RBS

Sumitomo Mitsui pays $7.3 billion for RBS Aviation Capital

Sumitomo Mitsui buys RBS's aircraft leasing division as the UK lender continues to sell its non-core businesses.

Rupert Walker

January 18, 2012

Late on Monday, Sumitomo Mitsui Banking Corporation (SMBC), acting for a consortium led by its parent Sumitomo Mitsui Financial Group (SMFG) agreed to pay £4.7 billion ($7.3 billion) for Royal Bank of Scotland’s aircraft leasing business, RBS Aviation Capital.

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