Standard Chartered PLC (SCBFF.PK,STAC.L,STAN.L) said it plans to explore alternatives for the future ownership of its aviation finance business. The aviation finance unit represents around 2 percent of total Group income.
Simon Cooper, CEO of Corporate, Commercial & Institutional Banking and Europe & Americas at Standard Chartered, said: "We believe that a new owner can drive the next phase of growth whilst we continue to focus on our commitment to improve shareholder returns and delivering on our 2024 targets."
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