AviLease in advance talks to acquire Standard Chartered Aviation Finance

AviLease is reported to be in advanced talks to acquire an aviation finance business from Standard Chartered Plc, reports Bloomberg, citing sources close to the lessor. Both the companies are very close to finalising the deal valued at approximately $3.7bn, sources claim. Citing confidentiality, the people close to the deal have asked not to be identified claiming that discussion is currently ongoing and may still falter. Standard Chartered Aviation Finance owns and manages more than 120 aircraft and offers services including jet fuel hedging, debt financing and remarketing of unneeded planes. Standard Chartered is selling the asset as part of