Business

Standard Chartered moves to sell Dublin-based aviation group

Pembroke Capital is being considered for sale as part of an effort to cut costs

Standard Chartered Bank Aviation Finance is to be considered for sale. Picture: Getty.

Dublin-based aircraft-leasing firm Pembroke could be sold as Standard Chartered has announced it is considering selling its aviation finance business in an effort to cut costs and improve shareholder returns.

Standard Chartered bought Pembroke Capital in 2007 as it looked to broaden its product range and launched Standard Chartered Bank Aviation Finance.

The bank’s Dublin-based aviation business manages over 230 aircraft and offers other services such as jet fuel hedging, debt financing and remarketing unrequired ...