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Industry News
Aviation Industry NewsSCBT to focus on aviationStandard Chartered Bank Thailand (SCBT) foresees greater business opportunities in aviation financing in Asia including Thailand, thanks to the growing economy.The bank plans to concentrate on business expansion mainly in Asia Pacific, the Middle East and Africa instead of the United States and Europe this year. The financial crisis made the latter economies sluggish, but the aviation industry has high potential in the East and emerging markets, said Simon Perkins, managing director for aviation finance. SCBT, the global leader in aviation finance, provides debt products, advisory and management services to its global airline clients. Services include debt programmes, operating leases for commercial jet aircraft and aircraft engines, remarketing services for aircraft sale and lease, management services in aircraft finance advisory and structuring services, as well as for hedging.Aircraft portfolios under management by the bank totalled $3.4 billion for 106 aircraft with 35 owned by the bank and 71 under its management.
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