Matt Cooper: Saudi aircraft leasing plan is set for take-off – but ethical questions remain
The Public Investment Fund has spent $3.6 billion building up its Dublin business, putting Ireland at the centre of claims that it is trying to launder its reputation
Saudi Arabia plans to become a significant player in international aircraft leasing, just as it is investing enormously in sport. This has very interesting implications for Ireland as the country appears set to use Dublin as the base for its ambitions.
Last week AviLease, a relatively new company set up in Dublin less than two years ago, spent $3.6 billion to take control of the aircraft leasing division of Standard Chartered, which was also headquartered ...