BIDDERS LINE UP FOR RBS AVIATION BUT AVOLON BARRED BY BOSSES

Bad blood remains at the Royal Bank of Scotland its seems after former CEO Domhnal Slattery left its leasing arm to set up Avolon but took several RBS executives with him. As a result Avolon has been banned from the bidding process for the £5 billion auction of RBS’ aircraft leasing unit, reports Reuters. As Avolon would be the most obvious leading contender, there are concerns that the taxpayer, which owns 83%, could be short-changed on the deal by barring such a credible bidder. Avolon has plenty of capital available for such a purchase and can call on help from its