Terra Firma and RBS in early talks over acquisition of RBS Aviation Capital

Terra Firma investment fund is reportedly interested in acquiring RBS Aviation Capital from the Royal Bank of Scotland (RBS) (The Telegraph, 10-Jul-2011). Negotiations are reportedly in very early stages. RBS has appointed Goldman Sachs to advise on the sale. RBS Aviation Capital has a portfolio of 245 aircraft, with another eight aircraft on order. Terra Firma acquired AWAS in 2006 and then almost doubled the size of its leasing investments by acquiring Pegasus in 2007 and integrating it with AWAS.