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A year after losing out in the bidding for RBS' aircraft-leasing unit, Wells Fargo (WFC) is...

A year after losing out in the bidding for RBS' aircraft-leasing unit, Wells Fargo (WFC) is starting its own far-smaller effort, teaming with Ireland's Avolon to build an initial fleet of 10 jets valued at $500M. Avolon chief Domhnal Slattery speaks of a "void" in the sector due to capital-strapped EU banks pulling out of the business.
Comments (2)
  • BlueOkie
    , contributor
    Comments (5380) | Send Message
     
    Off the ground (mortgages) and into the air for WFC. Bet it makes a lot of money, especially with 787 troubles looming
    18 Jan 2013, 08:52 AM Reply Like
  • AmoCan
    , contributor
    Comments (61) | Send Message
     
    Definitely a lot of money to be made in this sector.
    18 Jan 2013, 05:57 PM Reply Like
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