Standard Chartered announces completion of sale of its global aviation finance leasing business to AviLease

Following the announcement in August 2023 of the sale of our global aviation finance leasing business to Aircraft Leasing Company (“AviLease“), Standard Chartered (‘the Group’) confirms the sale closed today, 2 November 2023.

AviLease has acquired the business for cash consideration of US$0.7 billion and has funded the repayment of approximately US$2.9 billion of net intra-group financing from the Group.

The Group will benefit from an increase in Common Equity Tier 1 capital ratio of around 19 basis points, which will be included in its year end capital position. Completion of the sale represents significant further progress on the Group’s strategic priorities.

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