LONDON (ShareCast) - (Sharecast News) - Standard Chartered said on Wednesday that it plans to explore alternatives for the future ownership of its aviation finance business.
The business, which includes Pembroke, is a global aircraft leasing and financing operation. It manages a modern fleet of aircraft and serves airline and financial institution clients across North America, Europe, Asia, Africa and the Middle East.

It represents around 2% of total group income.

Simon Cooper, chief executive officer of corporate, commercial & institutional banking and Europe & Americas, said: "Our aviation finance business is an established global franchise with a differentiated track record of originating and servicing aircraft leasing and lending transactions, high-quality aircraft and loan portfolios, world-class airline relationships and a proven and respected management team.

"We believe that a new owner can drive the next phase of growth whilst we continue to focus on our commitment to improve shareholder returns and delivering on our 2024 targets."

Email this article to a friend

or share it with one of these popular networks:

• DIGG
• FACEBOOK
• STUMBLEUPON
• MIXX
• YAHOO BUZZ
• DELICIOUS
• REDDIT
• NEWSVINE