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Feature: Ten years strong
01 June 2011
Peter Barrett, chief executive officer, RBS Aviation Capital, speaks to Airfinance Journal as the lessor celebrates its 10th birthday.
It has kept a low profile, but
RBS Aviation Capital, which celebrated its 10th
birthday on May 3, is a great survivor.
Ten years ago shareholders in
IAMG, a Cayman Islands-based aircraft lease arranger, put the
company up for sale.
Royal Bank of Scotland, which
was already a significant aircraft lender, outbid Abbey
National to buy IAMG, which was renamed Lombard Capital and
later became RBS Aviation Capital.
Peter Barrett, chief executive
officer, RBS Aviation Capital, joined the business as chief
operating officer almost immediately after Royal Bank of
Scotland bought IAMG and swiftly took over as chief executive
officer in 2004.
When Barrett joined the team,
the lessor was much smaller, and hardly established. The
company had a small Dublin office, but big aspirations.
Ex-Guinness Peat Aviation (GPA) employees featured prominently.
At that time Domnhal Slattery, now chief executive officer of
Avolon, headed up the young lessor.
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