This is a good example of how companies that struggle with their finance would develop their strategy as returning to their core competencies and main activities. This is an interesting example of a company that tried to create synergies between two largely unrelated business units. In theory, Banks/Financial Institutions with the large number of clients could create synergies in all sort of business, however this case shows that the lack of expertise (and probably the economic climate did not allow for the synergies to be developed); it is worth mentioning that aircraft leasing is a considerably larger business in N. America which has never really developed in Europe.
RBS Sells Aviation Business to Sumitomo Mitsui for $7.3 Billion
By Gavin Finch and Takahiko Hyuga
Jan. 17 (Bloomberg) -- Royal Bank of Scotland Group Plc is selling its aviation leasing unit to Sumitomo Mitsui Financial Group Inc. for about $7.3 billion, the biggest disposal by the state-owned lender since its U.K.-government bailout in 2008
Read the whole article at: http://www.businessweek.com/news/2012-01-17/rbs-sells-aviation-business-to-sumitomo-mitsui-for-7-3-billion.html