RBS Aviation Bars Former Boss From Auction

Discussion in 'Blogstand' started by uggboy, Jul 25, 2011.

  1. uggboy
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    RBS Aviation Bars Former Boss From Auction:confused:

    Royal Bank of Scotland has excluded the former boss of its aircraft leasing business from the USD$8 billion auction of the unit, raising concerns the bank is barring a credible bidder and could short-change the UK taxpayer.

    Four sources familiar with the matter said Dublin-based aircraft leasing firm Avolon, which is run by Domhnal Slattery, the founder and former chief executive of RBS Aviation, has been barred from the process.

    Slattery hired away key executives from the RBS business early last year, when a previous sale process was underway, though it was subsequently abandoned after failing to find a buyer.


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