RBS places £5 billion jet order

RBS Aviation Capital, the plane leasing subsidiary of the Royal Bank of Scotland, has placed orders for Boeing and Airbus planes worth £5 billion at the Farnborough Airshow.


The orders include 52 Airbus A320s and 43 Boeing 737s, with delivery expected between now and 2015.

The company counts some of the world's largest airlines as its clients, including Lufthansa, Qantas and Virgin Atlantic, as well as carriers in strong emerging markets such as South America and China.

The bumper deal was placed some time ago but deals in the industry are often not made public until a major air show.

RBS Aviation Capital chief executive Peter Barrett said the purchase reflected strong demand for leased aircraft, particularly in emerging markets in Asia, Latin America and the Middle East.


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