Standard Chartered PLC (LSE:STAN) announced that, consistent with its business strategy outlined in February 2022, it intends to explore alternatives for the future ownership of its aviation finance business. Standard Chartered's aviation finance business, which includes Pembroke, is a leading global aircraft leasing and financing operation. It manages a modern fleet of aircraft and serves airline and financial institution clients across North America, Europe, Asia, Africa and the Middle East.

The aviation finance business represents around 2% of total Group income and around 1% of Group RWA. Standard Chartered is being supported by J.P. Morgan Securities plc as its financial advisor in connection with a potential transaction.